More Reasons We're Needed For Financing:

Read the following and give me a call. Not many choices out there. Our niche programs
can make the difference-Jim-941-356-7511

Business Financing

How to Finance a Business Purchase
There still aren’t too many ways to finance the purchase of a business.

Here are the primary methods:
Buyer Financing:
Some buyers may have the cash available to purchase the business. Some may elect to use equity in their residence or other real estate. Others may have other assets that they can sell or borrow against.

Bank Financing:
Banks may lend against a buyer’s assets as described above. They may also lend against the assets of the business, assuming there is sufficient value to support the loan. The business will also have to make sense to the bank, regardless of the asset value. In fairness to the banking system, many of the figures supplied by business owners have very little relationship to the actual earning power of the business.

Venture Capital Firms:
These firms do not, as a practice, lend to small or even many mid-size businesses unless tremendous growth is anticipated. They also usually expect an equity position in the company.

SBA Loans:
What is the SBA? The SBA is the United States Small Business ADministration that has been in exisistence since the 1950’s. The 7a SBA program allows customers to obtain financing for a variety of reasons which includes business acquisiton financing. This financing allows banks to offer more favorable terms than are normally available. In fact, some banks offer terms of up to 10 years with no balloon payment and no prepayment penalties on these business acquisitons. In addition, business acquisitions that include the commercial real estate can be financed for longer fully amortizing terms.

SBA Checklist | SBA Document Checklist | Insurance Requirements | Landlord Requirements

SBA have become more popular. There is now some competition among lendors for these loans. Many banks offer them, but the preferred SBA lenders seem to have the upper-hand in both acceptance and service.

Other Sources:
This category includes family, friends. credit cards, and leasing companies. Some suppliers hae been known to assist in the financing of a small business.

Seller Financing:
This is, by far, the largest source of financing available for the purchase of a business. Many industry experts say about 90 percent of small businesses sell with, or perhaps, because of, the seller financing a good portion of the sale price. Buyers have much more confidence in the decision to purchase a business when the seller is willing to assist in the financing. The buyer has confidence that the seller believes that the business will service the debt, in addition to providing a living wage.

(This information was taken from the Today’s Business Scene newsletter copyright 2001 Business Brokerage Press)

Recent Deals:

Gas Station-Convenience Store Unsecured business line of credit: $120k
Private Mortgage 65% ltv for purchase of gas station-convenience: $300k
Micro working capital loan-unsecured for existing franchisee: $50k
Working capital for existing business-unsecured: $90k
Receivables purchase for new business purchase: $35k

To discuss possible scenario's, call Jim: 941-356-7511

Need Seller Financing? Private Mortgage Better

Private Mortgages for commercial projects:
LTV- 50% to 80%
5 years interest only
8%-11%
l year PPP

Also-No seasoning on seller held mortgages on commercial property.

Give Jim a call for immediate pre-qual.
941-356-7511

What is Dragon Seed Capital?

With 20+ years lending experience, I have developed some niche and non-conforming lenders for business and commercial loans:
Unsecured Business Lines Of Credit-good credit required but useful to raise capital for any business purpose, including start-up, working capital.

Gas Station, convenience store loans, with or without real estate. Niche and Private
lenders.

Business equipment-new and used

Business loans to $50k-unsecured and with 600+ credit.

Gas Tank installation financing.

Of course, many other types of financing available. Please give me a call anytime
at:

941-356-7511
Jim Teague

UBLOC-Unsecured Business Line of Credit

Need seed capital for a business purchase or trying to fund a start-up? Consider UBLOC-
Unsecured business line of credit. Borrowers with a 700+ credit score can usually obtain from $50k to $150k within 4-6 weeks with no income proofing. Since this is an
unsecured business loan, this niche works well to fund the "gap" between seller
financing the capital needed to close.
Please call me today for a free pre-qualification.

727-346-8272
941-356-7511 cell
941-296-7322 fax
jimteague1915@gmail.com

Franchise Financing:

If you are considering a franchise opportunity and wondering how to finance the cost,
consider a unsecured business lines of credit. Many potential franchisees find a
capital shortfall between available funds and/or franchisor financing available.
The UBLOC program will usually provide $50k to $150k for borrowers with 700+ credit.
Additionally, the franchise doesn't have to meet bank and or sba approval terms (which
can be very difficult or lengthy). Funds are typically available in 30-45 days and
can be used for any business purpose, including franchise fees, start-up costs, inventory, improvements etc.
Get in touch any time to discuss.

727-346-8272
941-356-7511 cell
jimteague1915@gmail.com

DIY (Do It Yourself) Business Credit Improvement

Most business owners and people interested in starting/purchasing a business give up
on financing when they learn their credit is an issue. We can point you in the right
direction by showing you how to contact the reporting agencies (experian, transunion etc.) and to examine your credit file. You would be amazed at how much you can improve
your credit scores.
Contact me any time.

727-346-8272
941-356-7511 cell
jimteague1915@gmail.com