January 30

Business Expansion Financing for a Plumbing Company (SBA Loans)

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Business Expansion Financing for a Plumbing Company (SBA Loans) Q&A

Question: I have a plumbing supply company. We have been in business for 8 years and are growing 20-30% per year. We currently lease our warehouse. We would like to build a warehouse and get a much bigger yard. We plan on growing our business with more vans for delivery. We would probably be in the construction project around $4 million, not including the equipment, vans, and FF&E. That would probably be another $300k. What are your thoughts for a project like this?

Thanks,

Larry

Timestamps

[00:58] If you are looking for the highest leverage, go with SBA, specifically the SBA 7a loan

[01:15] Considering a business expansion for real estate

[01:40] Financing the build-out

[02:07] Finance your operational costs and interest carry to avoid making payments during construction

[02:29] Reasons why an SBA 7a loan is the right solution for this project


Tags

business acquisition, business acquisition loan, business acquistion, sba, SBA 7a, sba 7a for expansion, sba 7a loan for business acquisition, sba loan, sba loan process, sba loans, sba loans for startups


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