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
For borrowers looking for leverage and flexibility, few business types are better suited to SBA financing than self-storage. Lenders who specialize in it understand the business model, the cash flow characteristics, and the risk profile well … [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 sponsored … [Continue reading] about Can You Use a 401k for an SBA Loan Down Payment? (ROBS Explained)
How to Get $10 Million+ in SBA Loans — The Two-Business NAICS Rule
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 Loans — The Two-Business NAICS Rule
SBA Loans for Residential Assisted Living Businesses: Complete Financing Guide
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
Why SBA Loans Don’t Have Financial Covenants (And Why That Matters to Borrowers) One of the most underappreciated advantages of SBA financing—especially the SBA 7a loan program—is something most borrowers never think to ask about: SBA loans … [Continue reading] about Why SBA Loans Don’t Have Financial Covenants
What is the Maximum SBA Loan Amount?
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?