Podcast: Download (Duration: 1:35 — 2.4MB)
What are the Occupancy Requirements for SBA Loans 504 & SBA 7(A)?
In this short video, Beau talks about the occupancy requirements for SBA loan programs like the SBA 504 and SBA 7(a).
A few highlights:
✅ If you're buying an existing property, you need to occupy at least 51 of the space.
✅ If you're building new construction you, have to occupy at least 60 of the space and within the
within the first 10 years of the loan you have to occupy at least 80 percent of the space
Watch the entire video for all the details about SBA 504 & SBA 7a loan occupancy requirements.