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 than conventional loans.”
While these have a bit of truth to them (for example, the process generally takes longer than a conventional loan), they are easy to overcome.
🔴 In this episode, we will squash the myths & misconceptions you might have about SBA financing and SBA 504 loans.