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Financing Options for a Restaurant Acquisition [SBA Financing]
Financing Options for a Restaurant Acquisition
Question: Hi Beau, what are the best options to purchase a building that I’d like to open a restaurant in? I do have restaurant experience – I’ve been in restaurant management for 16 years. This would be a non-franchise restaurant (independent).
Thanks,
Maya
Timestamps
[00:42] Ability to come up with the equity, the cash injection you need for the down payment
[00:57] The bankers want to see three years of projections and a good business plan
[01:03] Third party companies that can help you prepare the business plan
[01:07] Free resources like score.org and the Small Business Development Centers can help you put together your business plan and projections
[01:35] Doing SBA 7a to build more working capital
[01:46] SBA 504 would be good if you want a long-term debt
[01:56] Feel free to book a call at http://bookwithbeau.com/
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
💥 Thanks for watching 💥
#sba7a #sba504 #sbaloans
_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
_________________________________________________________________________________________________
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
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