Today’s SBA Funding Tip: Start Early And Be Prepared To Get A SBA – 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.
Today’s Featured Pre-Qualified Small Businesses For Sale Ready For SBA Process:
1. Maricopa County, Arizona based dry cleaning 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: $100,000, Adjusted Net: $120,000.
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.
* 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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About the Author
Peter Siegel, MBA, Founder and President of BizBuyFinancing, has been assisting business buyers, owner/sellers and intermediaries to obtain business purchase financing since 1990. For more information about business purchase financing, please phone Peter Siegel, MBA at 800-540-1811.