How Do I Get Pre-Approved to Buy a Self-Storage Facility using an SBA Loan

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How Do I Get Pre-Approved to Buy a Self-Storage Facility using an SBA Loan?

I am looking at buying a self-storage facility. This will be my first one. What will the SBA look at to qualify me? How do I know how much I can qualify for? My FICO is about 700. I have worked in IT for the past 8 years and have about $200,000 to invest.

Thanks in advance.

Josh

Timestamps

[00:28] How to utilize the SBA 7a or SBA 504 on self-storage?

[00:45] What will you need if you are buying an existing self-storage facility?

[00:56] Reason why you’d use a 7a on self-storage

[01:28] Look at the business itself

[01:46] Gifted a part of the down payment by a family member

[02:22] Reconstruction in many different ways

[02:29] How to get pre-approved to buy a self-storage facility using an SBA Loan?

[03:14] Ideas to look at for financing depending on your business

[03:33] Ways you can structure to acquire a property and your goals

[03:51] Sometimes, SBA might not be the best option for a particular person

[04:10] Go to investorfinancingpodcast.com/ask to ask other questions