How can SBA 7(a) loans benefit a franchise startup?

How can SBA 7(a) loans benefit a franchise startup?

Hi Beau, what are the advantages of SBA 7a financing for a franchise startup versus conventional financing? Trying to figure out the differences.

Regards,
Gus

Timestamps
[00:13] Go to investorfinancingpodcast.com/ask to ask other questions
[00:40] The "Credit Elsewhere" Test
[00:44] You don’t really need the SBA program
[00:50] One of the reasons why most people are going to the SBA
[01:23] Most conventional programs will be very low leverage
[01:37] Why are banks incentivized?
[01:56] Most banks do not want to land on just an acquisition where there’s no collateral
[02:09] Know the main big reason why you’d want to go to SBA
[02:24] Reasons why you might want to consider doing a conventional loan
[02:52] Most business professionals as trying to leverage as much as they can that’s why usually SBA is the best option
[03:19] Things to do if you haven’t prepared your tax returns

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About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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