SBA Loans Tip: Compute Debt Service Payments Before Buying

Today's SBA Loans Tip:

Debt Service Payments Should Be Computed Before You Buy A Business

Debt service payments should be computed on SBA loans financing or a commercial loan before you take the final steps in a purchase agreement. It always amazes me how many business buyers (even with the assistance of business brokers) don't compute the SBA loan payment due monthly on the debt service they will have. Many times the debt service is larger than the adjusted net income presented by the business broker, agent, or seller! That is why a Pre-Qualification before the search process begins is a wise idea for business buyers.

Today's Featured SBA Loans Pre-Qualified Businesses For SBA Loans:

1. Brevard County, Florida based transmission shop opportunity and real estate for sale - transmission shop w/property full svc installation & rebuild benches 9000+ sqft. absentee owner ready to sell business and property. Independent 32 year old transmission shop that is truly a turn key operation. - 9000+ sqft. - 11 lifts for cars to heavy duty trucks - full service installation and rebuild benches with all necessary equipment. New owner could easly replace managers to capture total owner benifits as stated. Customer base and reputation are excellent! Current owner does not advertise. Deal structure: Price: $3,000,000, Adjusted net: $194,182. For details go to: http://www.usabizmart.com/businesses/110870.php

2. Sherman Oaks, Los Angeles County, California based auto shipping service company for sale - auto transport brokerage-u.s. licensed and bonded-shipping all 50 states. Very successful and e-z to operate auto transporting/shipping business for sale. The company brokers cars onto big 85 feet long trucks for domestic delivery within the u.s. the company currently does almost 600,000 in gross sales, but the business can be easily tripled or quadrupled by adding some salespeople(1-3)as well as expanding to ship cars overseas. The owner takes out for himself almost 200,000.00 per year and could make much more. Hours are short and office is closed weekends when a lot more business can be booked. Weekends are great as the competition is closed and the sales is almost assured. Deal structure: Price: $559,000, Adjusted Net: $185,000. for details go to: http://www.bizben.com/listings/83535.php

* Note: These businesses have been business pre-qualified only - buyers of these businesses will also have to be pre-qualified - before SBA loan business purchase financing may be obtained. Approximately 32 different factors (buyer/seller info) are evaluated in the SBA loan process for business purchase loan financing.

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