The U.S. Small Business Administration (SBA) 504 loans or SBA 504 loans are designed to assist small businesses by offering competitive commercial loans that have low interest rates. Small businesses can use the loans to acquire commercial assets such as offices, machinery, furniture, real estate, machinery, equipment, or any type of fixed assets to operate …
There are a lot of misconceptions and myths out there about SBA financing in general but also specifically about SBA 504 loans. 💡 You may hear things like: “The process takes too long.” Or “You’ll have to put your home up as collateral.” Another one: “The interest rates for the SBA 504 loan are higher …
In this episode, we discuss funding your short-term rentals (like Airbnb properties) with portfolio loans. No tax returns needed. In most cases you need a 12 month history of short term rental income or we can use market rent to meet the Debt Service Coverage Ratio (DSCR) requirement. We also have bridge loans that we …
Did you know that you could pair an SBA 7a with C-PACE Financing? You can! This is a great one-two combo for owner-user real estate projects. You can combine them together for financing your: 🏫 Hotels/Motels 🏡 Self Storage 🚗 Car Washes 🏢 Office Buildings (you have to occupy 51% or more of the space) …
To be eligible for C-PACE financing, a project must be located in a county or municipality that has approved C-PACE programs within a state that has passed PACE-enabling legislation. Background:What is C-PACE? Commercial Property Assessed Clean Energy (C-PACE) is an alternative financing mechanism for property upgrades that improve energy efficiency, utilize renewable energy, conserve water, …
In this episode, we talk about the initial information and documents that you will need to get the process started with SBA financing. There are many benefits with SBA loans and the SBA is an innovative high-leverage way of getting your business financed. 💲 As low as 10% down for total project financing, including the …