SBA Lender Pre-Qualified Florida Businesses For Sale

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SBA Lender Pre-Qualified Florida Businesses for Sale

Having Florida Businesses for sale SBA lender pre-qualified can often add credibility to business for sale listings because it means a lender has reviewed the financials of the business and has confirmed that on the surface the financial information looks solid enough for a bank to finance the sale and that the cash flow that has been represented will cover the debt service and/or the purchase price of the SBA lender approved business for sale.

A buyer will also need to qualify for the SBA loan, so even though the business has been pre approved does not necessarily guarantee a business loan will be approved. It is also important to keep in mind that many businesses may still qualify for an SBA loan even though they were not submitted for a pre-qualification in advance. Any business with a strong cash flow and good set of books and records which can be substantiated by the tax returns is a good candidate for an SBA loan.

There are many reasons a Buyer will choose to finance the purchase of SBA pre-qualified Florida businesses for sale with an SBA loan. In many cases an SBA loan allows a Buyer to leverage their cash and purchase a much larger business. In recent COVID 19 times there has even been incentives for Buyers to purchase SBA lender pre-qualified businesses with SBA loans. Buyers were offered prepaid payments by the SBA for the first 6 months of the loan and waived or reduced fees on the guarantee fees that the Small Business Administration was charging.

For more information about SBA loans visit SBA.gov. To search for other businesses that may qualify for an SBA loan search all businesses for sale here.