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How to Get SBA 7a Rent Replacement Loans
In this episode, Beau and Ray cover “rent replacement loans,” which is what you should do if you own a business and pay rent. With a rent replacement loan, you finance the purchase of the building and essentially stop paying rent. You need good cashflow, so this works well for doctors and dentists, for example, but it's not just limited to “professional services.”
There are some restrictions on this type of loan, but it's pretty easy to qualify for and loans are pretty quickly approved, in general.