Keep up with the latest news and updates about SBA loans and other small business loans here.
November 18, 2022
In this blog post, you are going to learn how to buy a self-storage facility using an SBA loan. Question: I want to buy a self storage facility using the SBA loan program. This will be my first one. I have a couple hundred thousand to invest. Answer: For acquiring a self storage facility, you
November 18, 2022
Short answer: Yes, you can finance RV parks with SBA financing, either in the form on an SBA 7a loan or an SBA 504 loan. Long answer: Yes, you can. You can even finance turnaround parks, meaning an RV park that is having some occupancy issues or is mismanaged, maybe the debt service coverage ratio (DSCR) is a little bit lower than the normal
October 25, 2022
In this article, you will learn about SBA 7a construction loans for building a car wash facility. Post-COVID, the strengthening economy has seen an expansion not only in business in general but in the car wash sector. The next few years should be interesting, as many businesses are currently expanding, using funds readily available from
October 25, 2022
In this article, you will learn about working capital loans. Many businesses require working capital loans in order to function properly. These loans are used to finance short-term expenses, such as inventory or payroll. Working capital loans are typically repaid within one year, making them a relatively risk-free form of financing for businesses. There are
October 24, 2022
In any commercial real estate construction project, the LTC (loan-to-cost) and LTV (loan-to-value) ratios are crucial considerations when considering applying for a construction loan. You will find both of them described here, but if you’d prefer specific guidance, don’t be afraid to contact an experienced commercial loan advisor. Loan to Cost Ratio (LTC) Defined A
October 19, 2022
In this article, you will learn a lot about SBA construction loans. Being a small business owner comes with a variety of costs, two of the most expensive of which are real estate and construction. Before you can start earning money with your business, you are going to need a significant amount of capital, regardless
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