Podcast: Download (Duration: 5:54 — 1.9MB)
SBA 7a for Startups vs SBA 504 On this episode of the Investor Financing Podcast, Beau differentiates the reasons why SBA 7a is better than SBA 504 for startups.
Timestamps
[00:08] Beau introduces the episode’s topic about SBA 7a vs SBA 504
[00:20] How amazing is SBA financing for business owners as an option
[00:27] Two reasons why 7a is a better loan for startups
[00:50] SBA 504 for longer terms
[00:56] Advantages of SBA 7a loan
[01:12] 90% loan to cost from a startup for higher leverage with 7a
[01:28] How many years is the pre-payment penalty of 7a?
[01:55] Beau talks about certain properties considered as “special purpose”
[02:45] Options for SBA 504 and 7a depending on your business
[03:15] Partnering 504 with 7a
[03:24] Book a call to figure out what could be the best financing option for you
[04:08] Topics about unsecured term loans, franchise, real estate and business financing
[04:38] Go to https://investorfinancingpodcast.com/ask to ask other questions