A note before we start: This post is specifically about the SBA 7a loan program. The SBA 504 loan program has its own separate eligibility limits and is treated differently — I've included a few notes on the 504 at the bottom of this post. A … [Continue reading] about How Many SBA Loans Can You Have at One Time?
RV Park & Campground Construction Loans: SBA 7a & 504 Explained
Most RV park and campground construction financing calls start the same way: borrowers want to know how much they need to put down, whether SBA even covers this type of project, and whether a startup with no operating history can actually get … [Continue reading] about RV Park & Campground Construction Loans: SBA 7a & 504 Explained
SBA Loans for Shooting Ranges, Gun Shops and Guntry Clubs
If you own a gun shop or indoor shooting range — or you're thinking about opening one — there's a good chance you've already hit a wall with a bank. Maybe they said no outright. Maybe they strung you along for two months before quietly declining. … [Continue reading] about SBA Loans for Shooting Ranges, Gun Shops and Guntry Clubs
SBA RV Park and Campground Construction Loans: How Lenders Evaluate Business Plans and Financial Projections
When someone calls me about getting an SBA loan to build an RV park, campground, cabin rental property, or glamping resort, the conversation naturally begins with the usual questions. People want to talk about land costs, construction budgets, … [Continue reading] about SBA RV Park and Campground Construction Loans: How Lenders Evaluate Business Plans and Financial Projections
SBA Loan for a Second Location — No Down Payment for Existing Business Owners
Can You Use an SBA Loan to Open a Second Location or Expand Your Business? Yes — and in many cases you can do it with no down payment if you already own and operate a successful business. Under the SBA's expansion rules, lenders can use the cash … [Continue reading] about SBA Loan for a Second Location — No Down Payment for Existing Business Owners
SBA Loan for Online Business: The Complete Buyer’s Guide
Can you use an SBA loan to buy an online business? Yes — absolutely, but the finding the right lender is the challenge. Most SBA lenders would rather fund loans collaterallized by some type of real estate, rather than a Shopify store and a … [Continue reading] about SBA Loan for Online Business: The Complete Buyer’s Guide
SBA Self-Storage Loans — Construction, Acquisition & Expansion Financing
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
SBA Loans for Mixed Use Property — 0% to 10% Down for Business Owners
Mixed use properties — buildings that combine commercial space with residential units — are among the most misunderstood property types when it comes to SBA financing. Most business owners assume they can't use an SBA loan for a property that has … [Continue reading] about SBA Loans for Mixed Use Property — 0% to 10% Down for Business Owners
Can You Use a 401k for an SBA Loan Down Payment? (ROBS Explained)
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)