Can you use an SBA loan to buy an online business? Yes — and more people are doing it successfully than most lenders would have you believe. Online and e-commerce businesses are admittedly not at the top of most SBA lenders’ preferred … [Continue reading] about SBA Loan for Online Business: The Complete Buyer’s Guide
Can you use a 401k as the down payment for an SBA loan? Yes. Through a structure called a "ROBS," funds from an eligible retirement account such as a prior employer's 401k or a traditional IRA can be rolled into a new retirement plan … [Continue reading] about Can You Use a 401k for an SBA Loan Down Payment? (ROBS Explained)
Most people — including a lot of business owners who have already used the SBA 7a program once — believe that $5 million is the absolute maximum SBA 7a loan they can ever have. I hear this constantly. And it's understandable, because almost … [Continue reading] about How to Get $10 Million in SBA 7a Loans — The Two-Business NAICS Rule
SBA loans are the most powerful financing tool available for buying, starting, constructing, or refinancing a residential assisted living business. The SBA 7a loan program allows you to finance both the business and the real estate in a single loan — … [Continue reading] about SBA Loans for Residential Assisted Living Businesses: Complete Financing Guide
Why SBA Loans Don’t Have Financial Covenants (And Why That Matters to Borrowers) One of the most overlooked advantages of SBA financing—especially the SBA 7a loan program—is something most borrowers never think to ask about: SBA loans typically … [Continue reading] about Why SBA Loans Don’t Have Financial Covenants
If you've searched for "maximum SBA loan amount" recently, you've probably seen "$5 million" repeated everywhere as if it settles the question. It doesn't — not even close. The real answer is: it depends on which program you're using, how your deal … [Continue reading] about What is the Maximum SBA Loan Amount?
🔎 At a Glance: What SBA Borrowers Need to Know ✅ SBA loans of more than $10 million are already possible — even without the new law - using the SBA 504 and/or creative 7a lending - and you don't have to be a manufacturer. 🚀 The Made in … [Continue reading] about New $10 Million SBA Loans
I originally published this 14 years ago on February 16th, 2011 on the heels of the Great Recession, when a lot of people who had been beat up by the downturn in the economy were trying to figure things out. Things were tough for a lot of small … [Continue reading] about What Rocky Can Teach Us About Winning
Self-storage is one of the best asset classes in the entire SBA lending universe. Lenders who specialize in it understand the business model, the cash flow characteristics, and the risk profile well enough to approve transactions that would give most … [Continue reading] about SBA Self-Storage Loans — Construction, Acquisition & Expansion Financing