If a business qualitfies for a SBA loan, does it mean it is making a profit?

Question:
If you are looking to buy a business, and the business states that it will qualify for a Small Business Loan. Does that mean the business is "Less" of a risk than other business'?

Answers:

What car advice can you give - first time buyer?

Maybe. The first thing you need to do is to make sure that the offer of a loan would still be good with you as the owner. Then you need an accountant to audit the books to be sure that everything is as it should be. He will then be able to tell you if the business is actually making a profit.

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