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 purchase of land with ground-up construction or the purchase of an existing building with renovations.
💲All costs associated with construction or renovations can be included in the loan (no break-out required). Contingencies and soft costs may also be included.
💲Below-market FIXED interest rates with payments fully-amortized over 25 years, no balloon
💲 No additional collateral required: Projects usually secured by the subject property utilizing an “as proposed” appraisal evaluation.