SBA Loan Process Tip: Relying on Selling Brokers Or Agents

Today's SBA Loan Process Tip:

Relying on Selling Brokers Or Agents For Financing Can Sink A Deal

When buying a business some buyers mistakenly rely on the broker or agent who is selling the business to procure SBA small business loan financing for them to buy the business. Most business buyers don't realize that most business brokers and agents rely on one possible two lenders for financing no matter what their terms and conditions are! Remember the first priority of most brokers and agents is to sell their clients business - financing comes second (along with your needs for adequate business purchase financing).

Today's Featured Pre-Qualified Small Businesses For Sale Ready For SBA Loan Process:

1. Monmouth County, New Jersey based pizza restaurant for sale - 2000 Sq Ft. seats 66, mall parking, $210,000 in equipment. 2000 Sq Ft. seats 66, mall parking, $210,000 in equipment. 8 years lease + 5 years option sales restaurant 50% pizza 50% - also does delivering. Deal structure: Price: $745,000, Adjusted Net: $350,000. For details go to: http://www.usabizmart.com/businesses/112332.php

2. Long Beach, Los Angeles County, California based industrial supply company with real estate for sale. For sale is a business that has been the main industrial supplier in the most industrial area of long beach for over 60 years. Some of the long term customers are local municipalities and area refineries. This is a heavily stocked business which maximizes its potential. Inventory is not computerized which is an opportunity for a buyer to streamline the inventory flow and increase profitability. The owner is retiring and available to work with buyer for an extended period of time if needed. The owner is offering a very reasonable lease or the real estate may be purchased for its appraised value. Deal structure: Price: $499k + inventory, Adjusted Net: $200,000. For details go to: http://www.bizben.com/listings/91260.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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