SBA Loan Information Tip: Debt Service Payments

Today's SBA Loan Information Tip: Debt service payments should be computed before you buy a business - Debt service payments should be computed on SBA loan 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 Pre-Qualified Businesses For Sale:

1.  Miami, Florida based seafood wholesaler opportunity for sale - Sells fresh and frozen seafood to restaurants and markets. Excellent opportunity, sells fresh and frozen seafood to restaurants and markets in dade, broward, palm beach and also outside the state. Owner has been in the industry for 10 years and will consider staying as a salesman on a commission basis. Fantanstic opportunty to grow in other areas if the state. Call now! Deal Structure: Price: $449,500, Adjusted Net: $301,935. For details go to: http://www.usabizmart.com/businesses/112691.php

2.  Big Bear Lake, San Bernardino County, California based cabin resort business for sale - Beautiful cabin resort in Big Bear Lake, California. Pine Knot guest ranch is the newest cabin resort in Big Bear Lake, California. The lodge is situated on 2 acreas in a quiet, open area at 7,000 feet elevation. 2 blocks from the village (shops, restaurants, and entertainment), 1/2 block form the lake. The resort has 7 beautiful individul cabins that sleep 2 to 4, one rental unit above the office that sleeps 2 and could be a manager's unit, and one family a frame cabin that sleeps 6 and could be owners' quarters. 8 out of 9 cabins have in-door spas and wood burning fireplaces. There is also an on-site office and laundry facility. Both the forest and lake are seasonally available year round for recreational activities such as: snow skiing, snow boarding, water skiing, boating, wind surfing, jet skiing, mountain biking, horse back riding, hunting, recreational shooting, 4-wheeling, camping, hicking, backpacking, fishing, and motorcycle trail riding. Deal structure: Price: $1,999,000, Adjusted Net: call/email. For details go to: http://www.bizben.com/listings/82139.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.

Technorati Tags: entrepreneurship, sba

•Technorati  •del.icio.us  •Digg It  •Furl  •ma.gnolia  •Spurl  •Yahoo MyWeb