Businesses for sale in Tampa Florida by www.EnterpriseBusinessBrokers.com : Buyer Information, use IRA to buy real estate tax free, new SBA SOP

There are currently over 700 Businesses for Sale in the Tampa Bay Area!

Vincenzo LoCricchio — Sat, 29 Oct 2011 18:49:00 GMT

700+ Tampa Bay Businesses for Sale
Click on the blue listing number then on the "Click Here to Have the Agent Contact You" text to get more information on listings.

Price Reduced on Breakfast & Lunch Restaurant in Carrollwood Village

Vincenzo LoCricchio — Tue, 02 Aug 2011 15:49:00 GMT

Carrollwood Village, Carrollwood - Announcing a price reduction on Breakfast & Lunch Restaurant, a commercial "Business Only". Now MLS® $69,000 USD - B&L Restaurant Carrolwood.

Property information

Price Reduced on Swimming Pool Service in Spring Hill

Vincenzo LoCricchio — Mon, 25 Jul 2011 18:25:00 GMT

Spring Hill, Pasco County - Announcing a price reduction on Swimming Pool Service, a single story "Business Only". Now MLS® $179,000 USD - Swimming pool Service.

Property information

Price Reduced on Pepperidge Farm Cookie Route in Tampa

Vincenzo LoCricchio — Thu, 21 Jul 2011 17:47:00 GMT

Tampa, Hillsborough County - Announcing a price reduction on Pepperidge Farm Cookie Route, a commercial "Business Only Home Based". Now MLS® $550,000 USD - Pepperidge Farm Cookie Rt.

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Price Reduced on Curves Franchise for sale in Zephyr Park

Vincenzo LoCricchio — Fri, 24 Jun 2011 13:44:00 GMT

Zephyr Park, Zephyrhills - Announcing a price reduction on Curves Franchise for sale, a 1,100 sq. ft. commercial "Business Only". Now MLS® $49,000 USD - Curves Franchise for Sale.

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Price Reduced on Flower Biz Net 70K+ in Tampa Heights

Vincenzo LoCricchio — Tue, 31 May 2011 19:30:00 GMT

Tampa Heights, Tampa - Announcing a price reduction on Flower Biz Net 70K+, a commercial "Business Only Home Based". Now MLS® $120,000 with $89k down - Flower Biz Net $70k.

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It's National Small Business Week 2011, May 16-20 Washington, DC

Vincenzo LoCricchio — Wed, 18 May 2011 19:13:00 GMT

National Small Business Week 2011 May 16-20 Washington, DC

Every year since 1963, the President of the United States has proclaimed National Small Business Week to recognize the contributions of small businesses to the economic well-being of America. As part of National Small Business Week, the U.S. Small Business Administration recognizes this special impact made by outstanding entrepreneurs and small business owners. In 2011, National Small Business Week will honor the estimated 27.2 million small businesses in America. Small businesses are major contributors to the strength of the American economy. More than half of Americans either own or work for a small business. They also create 60-80 percent of new jobs in the country. Small businesses drive innovation, create 21st century jobs and increase U.S. competitiveness. Franchising is the fastest growing segment in small businesses.

If you need help in buying, selling or financing a business in Central Florida, give us a call at (813) 690-0109.

How to use your 401k Tax & Penalty Free (to buy your own business or franchise)

Vincenzo LoCricchio — Fri, 18 Mar 2011 13:59:00 GMT

Buy a business orstart a franchise with your own money! Tax and penalty free?

Considering the cost ofborrowing money at today's rates using a 401k to buy a business could literallysave you hundreds of thousands of dollars. Eliminating the cost of interest byusing a 401k as an equity investment would also free up monthly cash flow andimprove the likely hood of business success. See below comparisons.

Learn how the funds fromyour current employer can help you start your own company. Tax Free use of 401kproceeds can now be used to finance a business, corporation or franchise opportunity.

No Penalties!

For most Americans their401k represents a large portion of their net worth. What many don't realize isthey can use these funds to acquire or purchase a business even before the turn59.5 without the penalties. While SBA funding and other bank loans may be inconsideration one should consider their options and weigh the closing costinvolved. Sometimes using your own savings makes perfect sense. Get cash out ofyour 401(k) or IRA to help finance your new business, without creating a taxableevent.

Say you have $100,000 ina 401(k) or IRA and take an early distribution (before age 59.5), the followingtaxable events would be triggered :a 20% mandatory hold-back, Federal (andstate) income taxes (at higher tax rates) and a10% early withdrawal penalty. Thiscould easily be a $45,000 tax bite.

Take earlydistribution Adopt Self Directed Retirement Plan

Amount in retirementfund: $100,000 $100,000

Mandatory 20%withholding: $20,000 0

Cash available towithdraw: $80,000 $100,000

Less ordinary incometaxes (at33%) $33,000 0

Early distributionpenalty(10%) $10,000 0

State incometaxes $2,000 0

Total taxes &penalties: $45,000 0

Cost to set up transfertrust: $5,000 estimated

NET CASHavailable: $55,000 vs. $95,000 Self Directed Retirement Plan

With the adoption of aSelf Directed Retirement Plan, you are able to convert existing retirementfunds into privately-held stock in your new business. This tax-deferred trustis coupled to a replacement plan that contains special "exceptiveclauses." Your new business gets the cash it needs from the sale of a portionof its stock to your trust plan. The trust is unique in that it will providecustodial services to administer non-publicly-traded stock. Go to http://401K.EnterpriseBrokers.com or Contact Vince LoCricchio @ (813) 690-0109for more details

90% 7(a) Guaranty on Loans Approved for SBA Recovery Lending Programs

Vincenzo LoCricchio — Tue, 05 Jan 2010 23:14:00 GMT

President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through Feb. 28, 2010, the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA's two largest loan programs.
The SBA estimates the additional funding will support $4.5 billion in small business lending. New approvals of loans with the higher guarantee and reduced fees made possible by ARRA are expected to begin by Dec. 28. Loan applications from borrowers who chose to be placed in the SBA's Recovery Loan Queue will be funded first, followed by new loan approvals beginning on or before Dec. 28. "This Administration and Congress recognize that these key programs were successful in helping jump-start the economic recovery for America's small businesses," said SBA Administrator Karen Mills. "The increased guarantee and reduced fees on SBA loans helped put more than $16.5 billion in the hands of small business owners and brought more than 1,200 lenders back to SBA loan programs. The extension of these programs through February is important to continuing our path toward recovery and will mean thousands more small business owners have access to the credit they need. "Just two weeks ago, President Obama laid out key aspects of his jobs plan, including significant ongoing support for small businesses. We will continue to work with Congress on moving those proposals forward, including extending these loan enhancements as the President has called for, to ensure that small business owners have the tools they need to drive economic growth and create jobs in communities all across the country." As part of ARRA, SBA received $730 million, which included $375 million to increase the SBA guarantee on 7(a) loans to 90 percent and to waive borrower fees on most 7(a) and 504 loans. More information about the waived fees can be found here. The funds for these programs were exhausted on Nov. 23.
SBA created the Recovery Loan Queue as part of its transition back to pre-ARRA lending on Nov. 23 because previously approved loans are sometimes canceled or never disbursed for a variety of reasons. Eligible small businesses, in consultation with their lender, could choose to be placed in the queue for possible approval of an ARRA loan if funding became available. Currently there are 1,069 loans totaling almost $530 million in the Recovery Loan Queue. The extension included in the DOD bill authorizes the higher guarantee levels through Feb. 28, 2010. The fee relief is authorized until this additional funding is exhausted or the end of the fiscal year, whichever comes first. As was the case in November, SBA will transition into a queue system as the funds start to wind down in order to ensure the maximum simulative effect of the programs and disbursement of funds.
For non-ARRA 7(a) or 504 loans funded during the transition period, this extension does not provide a retroactive guarantee or waived fees. Loans that were funded under non-ARRA terms cannot be canceled and resubmitted to take advantage of the ARRA extension provisions. This extension does not affect other SBA ARRA programs, including the America's Recovery Capital (ARC) loan program or the agency's microloans. ARRA funding still remains for both of those programs.

If you need assistance in buying, selling, valuing a business in the Tampa Bay Area, call Vince LoCricchio at 813 690-0109. vince@EnterpriseBrokers.com

Businesses for sale in Tampa Florida by www.EnterpriseBusinessBrokers.com : Buyer Information, use IRA to buy real estate tax free, new SBA SOP

There are currently over 700 Businesses for Sale in the Tampa Bay Area!

700+ Tampa Bay Businesses for Sale

Price Reduced on Breakfast & Lunch Restaurant in Carrollwood Village

Price Reduced on Swimming Pool Service in Spring Hill

Price Reduced on Pepperidge Farm Cookie Route in Tampa

Price Reduced on Curves Franchise for sale in Zephyr Park

Price Reduced on Flower Biz Net 70K+ in Tampa Heights

It's National Small Business Week 2011, May 16-20 Washington, DC

How to use your 401k Tax & Penalty Free (to buy your own business or franchise)

90% 7(a) Guaranty on Loans Approved for SBA Recovery Lending Programs