SBA Loans - Business Purchase Acquisition Financing Blog

Business Loans Tip: How Long Is The Loan

Peter Siegel, MBA — 01 Dec 2007 21:25:00 PST

Todays Business Loans Tip: How Long Is The Loan - The time to repay a business loan (or term) varies between 10 to 25 years. This will vary depending on if it is a SBA loan or a conventional loan. It also dependents on if there is real estate included in the business purchase.

Todays Featured SBA Loan Pre-Qualified Businesses For Sale:

1. Houston, Harris County, Texas based civil engineering company for sale - Company has been providing professional civil engineering/surveying services for 26 years, including topographical and land title surveys and civil engineering design. Clients are both private and public. Private projects include property development, subdivisions, apartment complexes, office/warehouse complexes. Public projects include roads, drainage, sewage facilities, utilities and traffic control. Company has excellent reputation for quality and performance. Company owns large library of land title surveys which lead to repeat business. Long term, established clientele. Experienced staff includes two licensed professional engineers. Owner holds P.E. & R.P.L.S. licenses. Note that 2007 discretionary eanings include payment for a large project where work was perfomed in previous years. SBA financing. Please refer to cbb listing #6786fs. Deal Structure: Price: $600,000, Adjusted Net: $921,428. For details go to: http://www.usabizmart.com/businesses/121363.php

2. Vero Beach, Indian River County, Florida based casino style arcade business for sale - Lucrative money making arcade in Vero Beach. Established in 2003, this business has a proven track record and reputation. The business occupies 2,640 sf and the base rent is only $12 psf. The business consists of 65 machines (owned) and includes all FF&E. Immaculate records. Owner is willing to train. Owner relocating. Owner financing is available. Deal Structure: Price: $500,000, Adjusted Net: $300,000. For details go to: http://www.usabizmart.com/businesses/121369.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.

SBA Funding Tip: Start Early And Be Prepared To Get A SBA Loan

Peter Siegel, MBA — 30 Nov 2007 21:16:00 PST

Todays SBA Funding Tip: Start Early And Be Prepared To Get A SBA Loan - Each loan is unique with its own nuances and complexities. Once a loan is approved, it can take 30-60 days to fund. BizBuyFinancing is experienced in getting SBA loans. But you can dramatically speed-up the process. Pre-qualify so you know what you can expect to borrow. Then prepare and supply all of the necessary documentation up front.

Todays Featured Pre-Qualified Small Businesses For Sale Ready For SBA Loan Process:

1. Maricopa County, Arizona based dry clenaing plant business for sale - Great location in basha’s supermarket strip mall. A current average net income much more than $10,000/month with lots of potential for more. Still business is growing very fast. Furthermore, there are many new upgrades including washer, dryer, and press. Low monthly rent and long term lease. Deal Structure: Price: $400,000, Adjusted Net: $120,000. For details go to: http://www.usabizmart.com/businesses/122205.php

2. Sacramento based lighting store company for sale - This is a turn-key operation that is easy to learn. This business sells all types of lighting fixtures and fans. They outsource all of the installation to an electrical contractor. They have a client base of over 8,000 customers that include both residential and commercial. They do bids on commercial projects and will design/build for new homes. They do a lot of work for contractors and interior designers. Due to health reasons the owner has priced the business for a quick sale. This business is prices at around 1 times cash flow plus inventory. Deal Structure: Price: $350,000, Adjusted Net: $122,127. For details go to: http://www.bizben.com/listings/104801.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.

Franchise Loan Tip: Women And Minorities And SBA Loans

Peter Siegel, MBA — 29 Nov 2007 21:02:00 PST

Todays Franchise Loan Tip: Women And Minorities And SBA Loans - Women and minorities are talked about a lot when it comes to SBA loans. Some people infer that means they get special treatment. Or they assume special funds are set aside for these groups. In reality the SBA focuses on letting women and minorities know about the availability of SBA loans. That's becaues the special requirements offered through the SBA can mean the difference between buying or not buying that small business for women and minorities.

Todays Opportunities Pre-Qualified For A Loan To Buy A Business:

1. Inland empier area based commercial sign manufacturing opportunity for sale - This very profitable full-service commercial sign company with an excellent reputation and outstanding clientele does it all revenues are up by 13% in 2007 over 2006 and net is up by 44% - due primarily to higher gross margins. They provide design, manufacturing, and installation of virtually every type of signage including: electric, neon, led, monument, 3d building identification, yard signs, and vehicle graphics and own all the vehicles and high-tech equipment needed to do the work. The company also does a brisk silk-screen and banner business. Approximately 75% of revenues are from repeat and referral business. The company does some sub-contract work for other, less capable, sign companies.

Margins and net percentages are up and the books and records are clean with minimal add-backs. This is an ideal business for an experienced manager with good customer service and sales/marketing skills. The operations partner is willing to continue with the business. The business has been pre-qualified for sba financing.

General Information:

Year Established: 1993

Employees: 6 full time with monthly payroll of 16,750.

Facility: 4,800 square feet at a total lease cost of 3,015/month.

Price Includes: Furniture, equipment and tenant improvements at a cost of 332,100. inventory of approximately 8,000 not included.

Support/Training: Seller will provide training.
Reason For Selling: Retirement

Deal Structure: Price: $795,000, Adjusted Net: $323,500. For details go to: http://www.bizben.com/listings/108381.php

2. Houston, Harris County, Texas based commercial printing business for sale - Commercial printing company. Provides printing services for local city government under a 5 year contract with 2 years remaining and expected to be renewed for an additional 5 years. Provides commercial printing for hotels, both locally and nationally. Also provides thermographic and digital printing. Currently doing mainly set-up work and then subcontracting the actual printing tasks. Low overhead with maximum profits. Seller owns real estate with 12,250 sf building. Company uses approximately 6,250sf and remaining 6,000 sf is rented to two tenants on month-to-month lease. Seller financing available for qualified buyer. Pls. refer to cbb listing #6790kb. Deal Structure: Price: $1,300,000, Adjusted Net: $545,385. For details go to: http://www.usabizmart.com/businesses/122162.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.

Commercial Loan Financing Tip: Reason For Loan Denial

Peter Siegel, MBA — 28 Nov 2007 21:45:00 PST

Todays Commercial Loan Financing Tip: Reason For Loan Denial - The loan on a business is just as dependent on the buyer as it is on how the businses is doing. Even a profitable business cannot be financed if the potential borrower's personal needs exceed the income generated by the business's cash flow.

Todays Listings Pre-Qualified For Business Acquisition Loan:

1. Utah based advertising agency business for sale - Established in 1994, this full service advertising agency provides innovative creative services, media, and printing. They have built an enviable national client base of national and regional brands, which they service from offices in the intermountain west and southeast. Gross profit has risen every year since 2002, and is poised for continued growth. Long term, well established relationships with both employees and clients are key value drivers for the company, and the principals are committed to remaining involved post transaction to insure these relationships stay in place.

Since 2005,they have been focusing on improving gross margins and increasing profitability. While revenues are subject to clients’ budgets and have declined over the last few years, the company has improved its gross margins, from 37% in 2005 to 61% in 2007. Adjusted ebitda growth has followed suit, increasing from 11% of sales in 2005 to 26% in 2007. Deal Structure: Price: $1,500,000, Adjusted Net: $512,377. For details go to: http://www.usabizmart.com/businesses/122125.php

2. Sacramento based health club opportunity for sale - Here is an opportunity to become part of the growing health & fitness industry. This health & racquet club has it all! Tennis courts, racquetball courts, certified personal trainers, fit for life programs, over 45 group exercise classes per week (including group cycling, yoga, Tai Chi, body sculpting & toning, Karate, circuit training and water aerobics to name a few) indoor and outdoor swimming pools, childcare facilities, message therapy, dry heat saunas, social events and parties for it’s members, health & fitness seminars, pilates reformers, snack bar, summer day camps, lockers rooms, cardio equipment, as well as the weight and exercise equipment areas. This club is in a community that has a built-in customer base and very little competition. The seller has been running this club absentee and has a general manager on site to oversee the facilities and programs. This is a very exciting opportunity, and won’t last long. Deal Structure: Price: $982,126, Adjusted Net: $284,065. For details go to: http://www.bizben.com/listings/101187.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.

SBA Financing Loan Tip: Structuring Seller Carry Back Notes

Peter Siegel, MBA — 27 Nov 2007 21:05:00 PST

Todays SBA Financing Loan Tip: Standbys on Seller Carry Notes Suprise A Lot Of Sellers In SBA Financed Deals - Taking back a note by the seller on a deal can sometimes mean the difference between a deal getting financed or not. Many SBA lenders handle this situation very differently. Many lenders on the larger SBA loans will make the seller take a "standby" on their note - meaning they may only get paid interest for duration of time, or no payments for a period. Borrowers, and owners need to get these details upfront since many lenders will "purpose" this structure late in the loan process - upsetting all privey to the deal.

Todays Featured SBA Loans Pre-Qualified Business For Sale:

1. Monmouth County, New Jersey based restaurant business for sale - Absentee managed, zagat rated fine dining restaurant, showing great returns. All figures are documented. Award winning wine list, situated in the middle of affluent monmouth county dining community. Extremely attractive spacious dining rooms, seperate bar area. New kitchen & equipments service, staff are well eductaed. Diner base is growing and with over $60 per person check average. Profits are increasing-now allowing reservations for larger functions, never booked them before. Not too much of a down fall from summer months. Has parking, fantastic opportunity for knowledgeable owner/manager. Deal Structure: Price: $1,125,000, Adjusted Net: $232,433. For details go to: http://www.usabizmart.com/businesses/122065.php

2. Virginia Beach, Virginia Beach City County, Virginia based bar and restaurant company for sale - Very attractive sports bar & casual restaurant, remodeled in 2006. Almost all local clientele that regularly frequent the business for sports events and fun. Excellent food and staff make this a very friendly place for the locals to hangout. Most can walk home. A restaurant has been at this location for over 60 years. Deal Structure: Price: $485,000, Adjusted Net: $190,000. For details go to: http://www.usabizmart.com/businesses/122101.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.

SBA Loan Help Tip: Keep A Good Attitude And Be Confident

Peter Siegel, MBA — 26 Nov 2007 21:46:00 PST

Todays SBA Loan Help Tip: Keep A Good Attitude And Be Confident - It might seem funny to discuss attiude and confidence but when you borrow money you are putting yourself on the line. Often the first loan is the most difficult to get. Once pay it back, you have proven yourself. Remember that lenders are risk adverse. They are taking a risk on your small business loan. They aren't so much worried about getting a high return like investors, but they want to avoid defaults. Show them every reason to believe you have the capability to repay the loan. Not just on paper but instill confidence that you can and will repay the loan.

Todays Listings Pre-Qualified For Business Loan:

1. Reno, Washoe County, Nevada based landscape contractor business for sale - This business is one of the best design/build landscape construction businesses in the area. Built from the ground up over the past few years, it has an excellent reputation for providing innovative designs, excellent quality plant products and other services like paving, water features and efficient irrigation systems. Truly unique to this business is the full-time horticulturalist employee.

The business is located in a 1,500 sq. ft. modern office building on a 1.25 acre lot. Sample landscape designs are available for potential clients to see. The business has excellent cash flow, a well established client base, stable and experienced staff and a great position in the local market.

The owners will consider some financing and/or the sale of the property to a qualified buyer. Deal Structure: Price: $1,500,000, Adjusted Net: $459,593. For details go to: http://www.usabizmart.com/businesses/122059.php

2. Southern California based perfume and cosmetics boutique for sale - Don’t Miss This Rare Opportunity To Own This Premier, European Styled And Richly Displayed, Perfume And Cosmetics Boutique. Acclaimed By Perfume 2000 Magazine, As "A True Parfumerie, The Most Elegantly Designed And Beautifully Planned Perfume And Cosmetic Specialty Store Seen In The United States; Even For European Standards." And As Aptly Put By Its Very Owner, This One-Of-A-Kind Business Opportunity Possesses A Dynamic Blend Of "Location, Product, Employees, And Customer Service" That Equate To A Proven Formula For Success And Longevity. Products And Services Provided Include Over 500 Fragrances For Men And Women. Exclusive And Sought After Skincare, Cosmetic, And Hair Care Products Are Also Available For Men And Women. In Addition To Product Lines, An Assortment Of Skincare Services Are Offered Including Facials, Waxing, Micro-Dermabrasion, And Peels To List A Few. Its Client Base Is Distributed Evenly Between Local Residents, So. California Residents And International Consumers.

Marketing
It Is Believed That No Single Source Of Marketing Accounts For A Majority Of Business Thus A Multifaceted Approach To Marketing Is Undertaken. In This Vein, A Variety Of Marketing Tools And Resources Are Employed. Internet, Print Media, Telephone, Print Publications, And Image Ads Comprise The Comprehensive Market Strategy Currently In Place. The Existing Market Share Is Broad Extending To Local, National And International Markets.

Strengths & Opportunities
Unparalleled Product Selection & Unique Services; Impeccable Reputation; Sought After Customer Service; Well-Established Market Presence; Minimal Competition; Internet Market Share; Turnkey Operation; Organized Business Structure; Location; Broad Product Distribution; Year-Round Sales Cycle; Consistent Financial Base

Hours & Staffing
Open 7 Days A Week, 9am To 6pm Mondays Through Saturdays And 11am To 5pm On Sundays. Open Select Holidays. Due To The Storefront Nature Of The Business, A New Owner Could Easily Expand Hours Of Operation And Capture A Portion Of The Evening Market.

Area, Facilities & Equipment
In Addition To The Main Floorshow/Sales Area, The Facilities Offers A Fully Equipped Office With (2) Work Stations, (1) Bathroom, Kitchen/Storage Area, (2) Fully Equipped Esthetician Rooms And (1) Shower Located In Esthetician Room. The Entire Facility Has An Assortment Of Display Tables, Shelving, Partitions, Kitchen Utilities (E.G. Refrigerator, Microwave, Etc.), Cabinets, Product, Cosmetic Stations, And So On.

Company History
Originally Established In The Netherlands (1972) And Founded By The Seller, The Company Was Relocated To America (1982) And Has Since Enjoyed A Long And Prosperous Presence In Its Present Location.

Financial Summary
With Respect To Fragrance, Skincare Products And Cosmetics, Pricing Adheres To Manufacturers’ Suggested Retail Price And Enjoys A 40%-50% Profit Margin. Accessories Enjoy A 60%-70% Profit Margin As Currently Priced. Negotiable Verbal Agreements In Place With Existing Vendors.

Other Comments
Facility Is Currently Underutilized With Approximately 90% Of The Operable Facilities In Use. Currently, Only (1) Esthetician Room Is Being Used On A Part-Time Basis. Fully Utilizing Skincare Service Facility Is An Area That Represents A Significant Potential Area Of Growth. In Addition, Increased Website Placement And Marketing As Well As Promoting The Consultation And Customization Services Also Present The New Owner With Additional Potential Areas Of Growth. Deal Structure: Price: $800,000, Adjusted Net: $286,327. For details go to: http://www.bizben.com/listings/104541.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.

Business Financing Tip: Financing Can Make Or Break Deals

Peter Siegel, MBA — 25 Nov 2007 21:14:00 PST

Todays Business Financing Tip: Financing Can Make Or Break Deals - Financing is a big part of a business purchase. The lender you work with can have a big influence on the deal. You will want to keep things moving and limit last minute changes. A seller may lose confidence in you or kill the deal. Be sure you're working with people who can keep things moving.

Todays Featured SBA Loan Pre-Qualified Businesses For Sale:

1. Tampa, Hillsborough County, Florida based water purification company for sale - An opportunity to take over a strong business model with high margins and growth opportunities throughout the state of Florida. Current business location is on a month to month lease so it could be relocated. 12 of the employees are 1099 commission representatives. You must talk with the owner to gain an understanding of the true potential earnings of this business as well as the current repeat business which is consistant cash flow. Deal Structure: Price: $1,000,000, Adjusted Net: $240,367. For details go to: http://www.usabizmart.com/businesses/120183.php

2. Kansas City, Jackson County, Missouri based pharmacy listing for sale - Established over 30 years ago, this pharmacy serves a specific market niche with exceptional service. This market niche is a defendable position against other neighborhood pharmacies and serves a fast growing demographic. In addition, it is located in a very busy medical building plaza near a major hospital which allows for terrific new customer referral opportunities from doctor’s offices. A pharmacist/owner can maximize the cash flow opportunity as well as establish relationships with doctors practicing in these buildings. Finally, since it is located in a medical plaza it is only open Monday through Friday from 9am to 5pm. Deal Structure: Price: $800,000, Adjusted Net: $280,000. For details go to: http://www.usabizmart.com/businesses/120187.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.

SBA Loans Tip: No Down Payments With Credit Cards

Peter Siegel, MBA — 24 Nov 2007 21:15:00 PST

Todays SBA Loans Tip: Credit Cards Cant Be Utilized For Business Purchases With SBA Loan Financing - I have had a few clients purchasing a small to mid-sized business who have wanted to use credit cards to "finance" their down payment. Sorry you can't, first the SBA doesn't allow "borrowed funds" for down payments, and second you would be raising your personal debt load that would probably get you ejected from the loan process in the end. Funds for business purchase financing down payments usually come from: savings, investments, home equity, or gift money from family members.

Todays Featured SBA Loan Financing Pre-Qualified Business For Sale:

1. Lee County, Florida based casino style game room opportunity for sale - Casino style game room – an absentee owner’s dream - 71 server based and networked gaming machines plus video surveillance. All internet accessible to facilitate a complete remote management capability. Popular location with great parking. Highly visible signage located on the main artery in the community. Numbers shown are through October 31, 2007. Deal Structure: Price: $660,000, Adjusted Net: $318,431. For details go to: http://www.usabizmart.com/businesses/122015.php

2. Birmingham, Jefferson County, Alabama based moving & storage service business for sale - Full service relocation company that provides local and long distance moving services. The business caters to residential and commercial customers and offers a variety of moving services such as relocating large pieces within the same home or office.

The business has earned an excellent reputation in the market and is positioned for continued growth. Deal Structure: Price: $375,000, Adjusted Net: $122,492. For details go to: http://www.usabizmart.com/businesses/120230.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.

Franchise Loan Tip: Get A Franchise Loan Through The SBA

Peter Siegel, MBA — 23 Nov 2007 21:34:00 PST

Todays Franchise Loan Tip: Get A Franchise Loan Through The SBA - A franchisor may help you obtain a loan from a bank, but you may still be eligible for an SBA (Small Business Administration) guaranty on that loan. Contact your bank and local SBA office. If it isn't already done, register the franchise with the SBA's registry of franchises. This can help speed up the process.

Todays Featured SBA Pre-Qualified Business Listings For Purchase:

1. Houston, Harris County, Texas based cell phone distributor business for sale - This company is one of the major sprint and nextel cell phone distributors in the Houston metro area with multiple locations. They sell all major brands of cell phones and related accessories. They also offer cell phone repair & service. Reaching more than 250 million people, the Sprint nationwide PCS network is an all-digital, wireless network that offers innovative services, such as picture mail, video mail, Sprint TV, and sprint ready link. The company enjoys significant residual income and the highest commissions on activations available. They currently service over 25,000 commercial and individual accountants. Employees include store managers, inside sales people, outside sales people, telemarketing staff, and administrative support staff. SBA financing available. Deal Structure: Price: $2,335,000, Adjusted Net: $647,644. For details go to: http://www.usabizmart.com/businesses/120263.php

2. Omaha, Douglas County, Nebraska based manufacturer/distributor company for sale - This is an old line manufacturing company of agricultural products. They have a broad range of equipment and capabilities in manufacturing disciplines, such as metal forming, machining, bending, cutting, welding, product assembly & testing, and painting. Additionally, they have G.S.A. contracts with the federal government for their alleycat trailers, which are used by federal parks, military bases, and the like. The introduction of this recycling trailer has great continued sales potential as there is no direct competition and is popular with universities and municipalities.

Sale price includes $550K of real estate, all ff&e and even $1.85M of inventory. Deal Structure: Price: $5,100,000, Adjusted Net: $348,648. For details go to: http://www.usabizmart.com/businesses/120272.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.

Business Loan Financing Tip: Business Plan May Be Needed

Peter Siegel, MBA — 21 Nov 2007 21:42:00 PST

Todays Business Loan Financing Tip: Business Plan May Be Needed For Business Purchase Financing - A business plan is usually requested by most lenders when business buyers get financing to buy a business. Most of the lenders and financial institutions we work with don't require it since we pre-screen our clients carefully and assist with the loan packages. If you don't have a lot of experience in the industry you are buying into, it does help to write a 4-10 page "mini business plan" to demonstrate your knowledge of the industry and business you are planning on buying.

Todays Businesses Pre-Qualified And Ready For SBA Loan Application:

1. Fort Smith, Sebastian County, Arkansas based trucking service business for sale - Trucking: High profit company in beautiful Arkansas river valley. This trucking company caters to a select group of fortune 500 companies and provides a future owner with significant growth potential. Located in the beautiful western Arkansas river valley, this company is licensed in 48 states and services their clients primarily in the midwest with occasional trips to both coasts.

FF&E: $144,900 Included
Year Established: 1990
Number Of Employees: 7pt
Reason For Selling: Retirement
Deal Structure: Price: $995,000, Adjusted Net: $548,942. For details go to: http://www.usabizmart.com/businesses/121733.php

2. Oklahoma City, Oklahoma County, Oklahoma based auto repair service company for sale - Automotive: Auto Repair: Profitable business performs all types of auto repairs – specializes in imports; Over 24 years at same location, great reputation, many repeat customers. located in south part of Oklahoma City, Oklahoma.

Real Estate: $300,000 Included
FF&E: $92,000 Included
Inventory: $5,000 Included
Year Established: 1983
Number Of Employees: 2ft
Reason For Selling: Retirement
Deal Structure: Price: $585,000, Adjusted Net: $107,479. For details go to: http://www.usabizmart.com/businesses/121737.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.

Buy Business Loans Tip: SBA Loans Ideal For Franchise Buyers

Peter Siegel, MBA — 20 Nov 2007 21:39:00 PST

Todays Buy Business Loans Tip: SBA Loans Ideal For Franchise Buyers - The SBA can give franchise buyers access to funds that were previously unavailable due to capital limitations. The franchise loans often limit the amount of interest a bank can charge you. The loan may also have a longer maturity to keep monthly payments down. Best of all, many bank fees will be waived because the SBA guarantees the loan.

Todays Businesses Pre-Qualified For SBA Lender Assistance:

1. Martinez, Contra Costa County, California based gas station/mart with real estate business for sale - Gas station (independant) with food mart, Contra Costa County. Gas volume 70,000 gallons monthly @22 cent margin and the food mart is about 22,000 monthly at 37% margin. Just changed to independant brand last week. Presently has U-Haul rentals, revenue is about 2,000 profit monthly. Business is sold plus inventory. Seller will package the business and property together for 1,550,000. Should be able to get SBA loan with 20% down payment. If you just want to purchase the business (selling for 450,000). Seller will carry note with 250,000 down payment plus inventory. Option on the property. Seller will grant a 20 year lease 5 year lease with 3-5 year otpions. Asking rent is 5,500 monthly plus NNN fees. Deal Structure: Price: $1,450,000, Adjusted Net: Call/Email. For details go to: http://www.bizben.com/listings/78226.php

2. Grand Rapids, Kent County, Michigan based marine sales/service company for sale - Poor health is finally forcing the 70 year old owner of this successful marine retailer (which he founded in 1991) to sell his business. Ideally located just off a major west Michigan interstate highway, this business has become a marine landmark destination in its 17 years of operation.

The seller also owns the property, a perfect square parcel occupying 2.25 acres with two newer, attractive buildings, one each at 9,000 and 12,000 square feet. The buyer of the business can purchase the real estate in a separate transaction or enter into a favorable lease (at about 6% of sales) with an option to purchase the real estate.

The business has generated annual sales ranging from $1.5-$2.0 million with an annual cash flow between $100,000-$200,000. The operation is truly a turnkey marine retailer, selling boats, motors and trailers; servicing boats; selling a wide array of accessories; winterizing and storing boats; offering specialized services such as re-upholstery and hauling; etc.

This retailer has exclusive regional distribution of a number of excellent boat lines, enhancing the value of the dealership. The showroom has an impressive display of accessories (which have excellent growth potential) backed by a $70,000 inventory (included in the offering price). The owner and two part time sales staff handle the sales side of the business.

The strong and respected service component of the business is supported by two long term, loyal mechanics, a parts/service manager and $250,000 of new parts (included in the offering price). A full time administrative person rounds out the staff.

The seller's health issues require a highly favorable asking price. The business which includes a $250,000 parts inventory; $70,000 of accessories; $70,000 of wholly owned boats, trailers and motors; and over $100,000 of fixed assets and equipment (welders, presses, hi-lows, hoists, cranes, tools, truck, newer computers and software, sewing. Deal Structure: Price: $595,000, Adjusted Net: $150,000. For details go to: http://www.usabizmart.com/businesses/121922.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.

Commercial Loans Tip: Prove That The Business Is Profitable

Peter Siegel, MBA — 19 Nov 2007 21:36:00 PST

Todays Commercial Loans Tip: Prove That The Business Is Profitable To Get The Loan - When you buy an existing business, you need to prove that the business is profitable. Provide the bank with research on revenues and expenses of comparable businesses in your industry. Some industries will require extra research, especially home-based businesses. You will have to prove your profitability if you want the loan.

Todays Opportunities Prequalified For Business Acquisition Loans:

1. Kendall County, Illinois based office supplies company for sale - This business is an industry leader in the incredibly profitable office equipment market. With a variety of innovative services as well as a wide catalog of office supplies and furniture that can be delivered overnight nationwide, the company is a household name in both the public and private sector. The business has a unique offering that is not offered in the marketplace which has enabled them to secure contracts with government agencies and corporate affiliates throughout the country. This business is positioned to dominate the domestic market and ready to assert itself as a major global player in the office equipment industry. Deal Structure: Price: Call/Email, Adjusted Net: $442,000. For details go to: http://www.usabizmart.com/businesses/121883.php

2. Des Moines, Polk County, Iowa based restaurant business for sale - Restaurant: one 6,200 square foot steak house franchise restaurant and a separate 5,100 foot sports bar and grill facility on the same prime real estate location. the lot is.79 acres and is located near a major intersection. The lot is near a huge Wal-Mart warehouse with 1,000 employees and across the street from a new Wal-Mart super store and other businesses as well as being near 4 motels. The family style steakhouse is popular among the local clientele and has very little competition in the area. It operates absentee with one manage, one assistant manager, 4 supervisors, and 47 employees. The franchise agreement expires march 2008 and can either be renewed or a new owner could opt not to renew the franchise, change the name to a private entity steak house and save the $35,000 currently being paid in royalties to the franchisor. The sports bar is popular with locals and has little competition. It operates absentee with one manager, 3 supervisors, and 18 employees. Busy traffic count on a business by pass. Mid-western city with 8,700 residents along with a good rural population count. Great location less then one hour from a major university city.

Real Estate: $1,200,000 Included
FF&E: $539,682 Included
Inventory: $25,000 Included
Year Established: 1989
Number Of Employees: 67ft
Reason For Selling: Other Interests
Deal Structure: Price: $1,500,000, Adjusted Net: $212,589. For details go to: http://www.usabizmart.com/businesses/121899.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.

SBA Financing Tip: SBA Loan Workshop - Great Resource

Peter Siegel, MBA — 18 Nov 2007 21:57:00 PST

Todays SBA Financing Tip: Taking An Online SBA Loan Workshop Online Is A Great Idea To Learn More - Taking an online SBA Loan workshop or webinar is the ideal way to learn more about the SBA loan process. These online webinars usually cover: lenders definition of adjusted net income and cash flow, how lenders appraise the value of a business (usually very differently than a business broker, CPA, or business owner!), and what is needed by both potential business buyer and the seller of the small to mid-sized business.

Todays Featured SBA Pre-Qualified Business Opportunities For Sale:

1. Los Angeles, Los Angeles County, California based RC helicopters company for sale - This internet company has a unique position in the market place for the only source of remote control (RC) helicopters, products, modifications & much more. They manufacture certain products of interest any time they sense a need for a particular upgrade or after market products which are available else where. They carry a full range of nitro, electric and micro helis. They take pride in their service, competitive prices and amazing selection of RC helicopters. They carry 11,000 products which are managed by a state of the art proprietary software system that tracks, catalogs and organizes each product for the 5,000 daily visitors to their website. They represent over 100 U.S. vendors and over 20 Chinese vendors, producing wood roter blades of all kinds with a factory in China. In recent years most of the market has caught up and the majority of industry development is now overseas by factories who sell to everyone. Over 50% of sales come from the U.S. the other 50% is originated from worldwide sales. Deal Structure: Price: $1,480,000, Adjusted Net: $397,425. For details go to: http://www.bizben.com/listings/92004.php

2. Colorado based Mexican restaurants opportunity for sale - Two multiple locations, profitable, well-known and well established restaurants with premier real estate are being offered for sale. Family owned for 22 years in the north metro area. This Mexican restaurant has been the place to gather for lunch, after work, dinner, and for evening and weekend festivities and also does well with catering and lounge activities. This package also includes recipes, 2 liquor licenses, all the equipment needed to start from day one making money. Between these two locations it currently supports 3 owner/managers which could scale down and/or remain. Also, the catering business could easily be expanded.

These two locations share fantastic name recognition and ready for expansion to additional locations. One location has rents of 98k (including $4,500/month from the restaurant) from tenants. The other location lease is 14k/month with 250 parking spots.

Year Established: 1985
Support/Training: Seller Will Provide Training
Financing: Some Seller Financing Available
Deal Structure: Price: $3,800,000, Adjusted Net: $280,000. For details go to: http://www.usabizmart.com/businesses/121880.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.

SBA Lenders Tip: The SBA Pre-Approval Process

Peter Siegel, MBA — 17 Nov 2007 21:27:00 PST

Todays SBA Lenders Tip: Do Not Be Fooled By Many SBA Lenders Pre-Approval Process - Many business buyers responding to business brokers and agents listings see that the listing is "SBA Pre-Approved". Most of the time this means that the business broker has given a sales person or "Business Development Officer" at a bank the adjusted net income (from the brokers or agents calculations!) and some other basic facts. There are over 32 different SBA loan factors that go into deciding whether a deal is SBA financable. It is always best to work with a consulting firm like BizBuyFinancing to get the best financing for any deals you may be working on.

Todays Featured SBA Pre-Qualified Business Opportunities For Sale:

1. Jacksonville, Duval County, Florida based duct manufacturer busienss for sale - Located in northeast florida, this is a full-line manufacturer of round and oval duct products for new and upgraded commercial and industrial construction. Market area includes Florida, Georgia, Alabama and the Carolinas. Sales continue to be strong as is evidenced by the past three years' profit and loss statements. For fifteen years this company has built an exceptional reputation that provides a 95% repeat business from established clients. This company has a clean environmental record and great long term potential. Real estate is included in the price. Deal Structure: Price: $3,200,000, Adjusted Net: $498,800. For details go to: http://www.usabizmart.com/businesses/121841.php

2. Plymouth County, Massachusetts based employee placement opportunity for sale - A long established professional placement service with national reach. Very well respected in a niche market. Key personnel are expressing a willingness to stay. An extensive list of clients and candidates come with this business. Easily relocated. Current owners willing to except a down payment with future payments contingent on revenues. This is a great opportunity for an established firm to add business or for an industry professional to strike out on his or her own. Deal Structure: Price: $200,000, Adjusted Net: $200,000. For details go to: http://www.usabizmart.com/businesses/121712.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.

Loan Financing Tip: Cash & Savings One Aspect For Down Payment

Peter Siegel, MBA — 16 Nov 2007 21:34:00 PST

Todays Loan Financing Tip: Cash & Savings Is Typically Utilized For A Down Payment Injection On A SBA Loan - Cash & Savings - An obvious source for a complete or partial down payment on SBA loan financing. You do not want to utilize your entire pile of cash since lenders will be accessing your "personal liquidity". Lenders do not want you to utilize all your cash on a down payment in case the new business you purchase has a few bad months financially. They want to make sure you have the funds personally to pay your families monthly bills etc.

Todays Featured SBA Pre-Qualified Small Business Listings For Sale:

1. Las Vegas, Clark County, Nevada based HVAC company for sale - This well established HVAC company is approaching to be one of the largest in the region. This highly profitable business has shown consistent growth & profit every year. This company has long term service contracts in place with local & national clients. The company forecasts additional revenue growth for 2008. Several of their national clients have requested that the company open additional offices to service their stores in other states. The company currently operates in Nevada and Utah. Owners and key employees are willing to stay on with a new owner. This business is well suited for a merger / acquisition, holding company, private equity group or qualified investor looking for a great return on investment.

Facilities:
Leased location is 2500 sq-ft with a total rent of $3,100. Seller is active in the business with 38 f/t employees and 2 p/t employees. Fixtures and equipment $400,000. Inventory $25,000. Deal Structure: Price: $5,500,000, Adjusted Net: $1,700,000. For details go to: http://www.usabizmart.com/businesses/121860.php

2. Houston, Harris County, Texas based c-store w/gas & real estate opportunity for sale - Convenience store with gas (one mpd with canopy and 6 nozzles) and real estate in north Houston. 20,000 sf of land, 4,250sf building, 3 units, excluding the grocery store can be changed to different concepts. Owner would like to sell the whole package or can purchase only the convenience store. Business has 2 separate camera systems - 1 inside the store and the other in the office. No competition in the immediate area. Seller motivated and will provide partial financing to qualified buyer. Please refer to cbb listing #6794hp. Deal Structure: Price: 500,000, Adjusted Net: 136,404, Down Payment: 300,000. For details go to: http://www.usabizmart.com/businesses/121839.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.

Commercial Loan Tip: Home Equity Loan

Peter Siegel, MBA — 15 Nov 2007 21:02:00 PST

Todays Commercial Loan Tip: Home Equity Loan - Many business buyers often use equity from their homes as collateral for a business purchase. Home equity lines of credit are popular. They can be prepaid, cost less up front, and you can take longer to pay them back.

Todays Featured SBA Pre-Qualified Businesses For Sale:

1. Fort Lauderdale, Broward County, Florida based specialty lighting business for sale - Business provides retail and distribution outlet for high-end specialty lighting accessories (replacement bulbs, distinctive fixtures, etc). Typical customers are luxury yacht owners/captains/crew and local yacht builders. Business has excellent international reputation with many repeat customers.

Business is located in beautiful 2,000 sq. ft. showroom. 2006's sales were comparable. Annualized financials based on ytd june 30, 2007. Downpayment based on lender requirement. Deal Structure: Price: $1,275,000, Adjusted Net: $554,442. For details go to: http://www.usabizmart.com/businesses/121804.php

2. Dallas, Dallas County, Texas based auto repair with real estate opportunity for sale - Recently Remodeled Complete Auto Repair With Real Estate.
Financial Information
Asking: $580,000
Gross: $429,439
Cash Flow: $152,739
Furniture, Fixtures & Equipment: 73,720
Inventory: 2,500 (Included In Price)
Real Estate: 300,000 (Included In Price)
Financing: Third Party Financing

Summary Description
This recently remodeled complete auto repair shop is rapidly growing with its efficient management and pro-active marketing efforts. The sophisticated and high-tech software system helped immensely this shop achieve the efficient management. It has streamlined inventory and cost control, and overall operation, and also it helped increase shop and technicians’ efficiency as well as profitability by providing accurate data. Owner’s involvement is minimal since there is a strong management system in place. There is a plenty of room to grow by tapping tire sales, inspection stickers (tax office is located right across from the shop), auto body services, and used car sales (situated on a 16,000 sf of land). Established for 35 years but the whole shop has been completely remodeled less than a year ago, and this fresh new look gives very high visibility and good impression to new customers. It provides the complete minor to major automotive repair service.

General Information
Facilities: Situated on approx. 16,000 sf of land, it is as ample lot as new owner can potentially start used car sales. Its corner lot location also adds make the shop visibility easy. About 3,600sf of building has been efficiently sectionalized into auto service stations, storage warehouse, office, and customer waiting room.
Competition: The efficient management system in place coupled with pro-active marketing efforts through on-line, yellow pages, direct mailings has contributed largely to the shops continued sales growth.
Growth and expansion: Good growth due to the amount of vehicles on the road. As interest rates rise, fewer people purchase new cars, but rather, repair them. Deal Structure: Price: $580,000, Adjusted Net: $152,739. For details go to: http://www.usabizmart.com/businesses/121809.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.

SBA Business Loans Tip: SBA Loan Approval Process

Peter Siegel, MBA — 14 Nov 2007 21:11:00 PST

Todays SBA Business Loans Tip: The SBA Loan Approval Process Should Only Be 3 To 5 Days Long - We get many referrals from bankers, brokers, and small business consultants whose clients have been bogged down with the underwriting process at a SBA lender. In many instances banks (without our assistance) will take up to 3 weeks for the SBA loan approval process (loan committees, etc)! When buying a business, timing is everything and most buyers and sellers can't wait an excessive time to find out whether a deal has been SBA loan approved for business purchase financing! The right SBA lender (who doesn't have a backup) should only take 2-5 days for a full approval letter of confirmation to be produced.

Todays Featured SBA Pre-Qualified Businesses For Sale:

1. Western Springs, Cook County, Illinois based niche contractor business for sale - This company is a niche market national contracting company connected to the electrical industry. Work is done on a contract basis to handle installation, service work and consulting. Some contracts run up to three years and may include multiple facilities throughout the country. The seller has earned a strong reputation in the industry and developed a very successful business model delivering quality work on a timely basis at a fair market price. Key management is in place. The seller is available to train and consult for a year or more. Deal Structure: Price: Negotiable, Adjusted Net: $2,759,626. For details go to: http://www.usabizmart.com/businesses/121768.php

2. Benton County, Arkansas based interior accent/gift opportunity for sale - Over a half-million in retail sales at distinctive location.
Inventory: $150,000 (included in the asking price)
FF&E: $45,000 (included in the asking price)

Business Summary
Since 1991 this opulent shopping destination serves as a repeat experience for local patrons and a breath-taking welcome to guests of northwest Arkansas. Customers are enveloped by luxurious home décor accents and gifts perfectly suited for every budget, occasion and season. High-end lines reserved for prestigious stores are rightfully and beautifully merchandised within this exclusive location. As custom-designed floral arrangements grace each focal point, decorators linger to dream within walls known for heightening professional design sensibilities. Customers rave about abundant gift selections including essential oil lamps, fine china, tableware, personal salon treatments, art, sculpture, pillows and throws, furniture, candles, custom floral, pottery, books, mirrors, scents, seasonal embellishment, gift cards and so much more. Gifts are elegantly packaged in heavy, rich papers and sealed with a signature. Deal Structure: Price: $350,000, Adjusted Net: $119,854. For details go to: http://www.usabizmart.com/businesses/121794.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.

Business Loans Tip: A Good Credit Rating Is Vital

Peter Siegel, MBA — 12 Nov 2007 21:36:00 PST

Todays Business Loans Tip: A Good Credit Rating Is Vital For Getting A SBA Loan - Your credit history is a gauge of your credit worthinessand is an important component in the SBA loan application process. The SBA partner banks provide the money, but they usually do the credit examination and then submit the results to SBA. If you have a bankruptcy or poor credit history you will have difficulty getting an SBA loan. If your credit score is low, consider a credit repair service like Lexington Law. They help speed up the process of restoring good credit.

Todays Featured SBA Loan Pre-Qualified Business Opportunities:

1. Ohio based HVAC contractor business for sale - Profitability trends for this multi-faceted contracting business have been positive. The company provides electrical, mechanical, plumbing, & HVAC contracting services. Cash flow to owner’s equity is approximately 20% of gross revenues. Experienced management, sales, and work forces are in place. Newer equipment with professional facility. Diversified sales mix adds stability. Stable business model. Deal Structure: Price: $800,000, Adjusted Net: $400,000. For details go to: http://www.usabizmart.com/businesses/120302.php

2. Texas based auto collision with real estate company for sale - The business, which is engaged in auto and truck collision repair, is located in a growing central texas city that also serves a large rural area. The business has working agreements with all of the major insurance companies as well as several fleet companies and enjoys a thriving independent trade.

The seller, who is not full time in the business, has developed a competent staff that manages the business on a day-to-day basis with general oversight from the seller. The seller has other business interests and career objectives and has elected to offer the business for sale.

Real estate is included in the asking price. Deal Structure: Price: $825,000, Adjusted Net: $181,000. For details go to: http://www.usabizmart.com/businesses/120313.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.

Financing A Business Tip: Knowing Your Financial Situation For Financing

Peter Siegel, MBA — 11 Nov 2007 21:10:00 PST

Todays Financing A Business Tip: Owner/Sellers Can Assist Buyers With Financing By Pre-Qualifing Before They Sell - Based on your financials and tax returns from the previous three years you need to know if potential buyers would be eligible to get a loan to buy your business. If you know that your business is not eligible for financing than you know that the deal structure for selling your business will be very different without financing involved. More than half of our consulting clients at BizBuyFinancing are business owners who line up financing for buyers before they go to market - smart move!

Todays Featured SBA Loan Pre-Qualified Business For Sale Listings:

1. South Carolina based resort rental and management business for sale - Outstanding resort - based opportunity. this business handles the rental of resort condos and earns a fee from the condo owners. They also handle maintenance and repairs on behalf of condo owners. Additional profits are derived by offering housekeeping, linens and house wares to property renters as requested. The sale of condos within the resort provides yet another profit center and also provides opportunities to purchase condos should an owner desire. The business is located on-site within a major resort and is presently handling rentals for about 200 condo owners, long-term condo leases with additional owners, and short-term rentals for additional owners. With several hundred additional condos located in the complex, there is opportunity to grow this business within the existing resort as well as to expand the services to other resort locations. Deal Structure: Price: $1,750,000, Adjusted Net: $555,050. For details go to: http://www.usabizmart.com/businesses/120296.php

2. Dallas, Collin County, Texas based jewelry/watch repair company for sale - Opportunity to purchase an established, profitable watch and jewelry repair business that is part of the world’s largest franchise in that particular industry. Concept was introduced over 22 years ago and has grown to 150 retail locations in the U.S. and Canada. Ranked in entrepreneur’s 2007 franchise 500. Perfected system for delivering fast, efficient, professional repair work on jewelry and watches for men and woman. Proven system with a franchiser that will provide training, on-going support and efficient promotion and advertising methods.

Stores located conveniently in high traffic areas of regional shopping malls either in highly visible kiosks or inline. Services include chain smoldering, remounting, ring sizing, engraving (extremely high profit margin), jewelry cleaners, watchbands, mountings, loose stones and watch batteries replacement. Experience as a jeweler or with repair is not necessary. Deal Structure: Price: $550,000, Adjusted Net: $175,000. For details go to: http://www.usabizmart.com/businesses/120297.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.

SBA Lender Tip: Getting Preferred Lender Status

Peter Siegel, MBA — 10 Nov 2007 21:21:00 PST

Todays SBA Lender Tip: Getting Preferred Lender Status - To get preferred lender staus to do SBA loans, a lender must have a good track record with the SBA. They must show a proficiency in processing and servicing SBA loans. Once approved, the lender can approve loans without going through the SBA first. This makes the process go faster.

Today's Featured SBA Pre-Qualified Business For Sale Opportunities:

1. Sonoma County, California based charter bus service business for sale - The business operates a charter bus service, for private and group activities! It is licensed to provide service in all U.S. States. This business has well maintained beautiful busses with seat capacity of 50 to 56 people. Services include charter services, specializing in travel groups that desire 2-14 day excursions, for example groups visiting national parks in California, Oregon and Washington. Other regular charters include school trip excursions, senior excursions, and day trips. This owner-operated business was originally established in 1996. The present ownership began in 2004. With 10 years in the industry, this company has strong ties within the community and enjoys unprecedented loyalty and customer satisfaction. Training included: The owner is willing to stay as long as needed to facilitate a smooth transition; a non compete clause will be executed. 2006 estimated revenues are 1,800,000 for sellers discretionary earnings please call. Deal Structure: Price: $1,400,000, Adjusted Net: $322,000. For details go to: http://www.bizben.com/listings/91014.php

2. Suffolk, Suffolk County, New York based landscaping service listing for sale - Here is the total landscape package. long standing accounts, a management company that feeds this business new accounts, snow removal for the winter months (generate serious money this winter with the snow removal accounts), and a foreman who is willing to stay on with a new owner. the owner has created the ultimate landscape company. from the office to the trucks to the uniformed workers, everything is in tip-top shape. the business already has contracts for pre-paid snow removal for this winter, meaning that the new owner will be making money from the moment he/she walks through the door. i have attached a equipment list. Deal Structure: Price: $495,000, Adjusted Net: $150,000. For details go to: http://www.usabizmart.com/businesses/121618.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.