Small Business Loans for a Cleaning Business
Small Business Loans for Cleaning Businesses
Hello Beau,
I am looking at three different cleaning business franchise concepts. Their startup costs are between $150k and $285k.
I watched your previous episode about the Robs rollover plan. That could be a good option for me over an SBA loan.
What are the pros and cons for each of those financing options?
Thanks,
Jeanette
Timestamps
[00:43] Is ROBS rollover plan the best option?
[00:45] Certain caveats when you do ROBS rollover plan
[00:50] Watch the “ROBS Rollovers Demystified: The Insider's Guide” episode here https://youtu.be/LJGFDGuX0M4
[01:01] You do not have to make specific payments back
[01:18] What is the retirement account doing for you?
[01:28] Investing in your own business might make a lot more sense
[01:36] Check if your retirement plan would be qualified to roll into ROBS rollover plan
[02:05] If you go SBA, there’s going to be a collateral shortfall
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 💥
#businessacquisition #franchisefinancing
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 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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