How to Finance a Kumon Franchise with an SBA 7a Loan?
How to Finance a Kumon Franchise with an SBA 7a Loan?
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
Hey Beau,
I’m in the market for a Kumon franchise and was wondering what are the specific steps and documentation required to finance a Kumon franchise with an SBA 7a loan and what am I looking at for a timeline for the loan application process from start to funding?
Thank you,
Jill
If you are interested in financing a Kumon franchise with an SBA 7A loan, there are specific steps and documentation required for the process.
Typically, Kumon franchises fall under $350,000, making an SBA Express loan a suitable option. The standard forms include Form 413 and three years of tax returns. Additionally, you must fill out Form 1919, which serves as the application for the SBA. It's important to note that different banks may have their own documents for credit authorization. If you set up an entity, entity documents will also be necessary.
Furthermore, franchise disclosure documents and three years of projections are vital for any startup business, whether a franchise or a regular startup. To assist you throughout the loan process, templates are available for projections and streamlined forms. It's worth mentioning that not all lenders offer smaller SBA loans, but there are resources available to help you navigate through the process.
Suppose you have further questions or need guidance on SBA financings, such as the 7A or 504 loans or any other types of financing for different business scenarios. In that case, the speaker offers to book a call and provide assistance.
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Timestamps:
(00:03) Question about financing a Kumon franchise with an SBA 7A loan
(00:35) Specific steps and documentation required for financing a Kumon franchise
(01:04) Importance of three years of projections for startup businesses
(01:19) Go to investorfinancingpodcast.com/ask to ask other questions
💥 Thanks for watching 💥
#Kumon #KumonFranchise #franchising #SBA7a #SBA
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.
-
3:09
Investor Financing Podcast
1 day agoThe Benefits of Buying a Business with Real Estate: A Smart Investment Strategy
141 -
1:17:04
Man in America
13 hours ago🚨 RED ALERT: Milton, Helene & The Plan to DECIMATE the US to Build 15-Minute Cities
72K130 -
2:32:11
WeAreChange
12 hours agoBiden EXPOSES Kamala’s Hurricane Fabrication! Musk To Jail??
116K102 -
1:18:35
Redacted News
15 hours agoHIGH ALERT "GET OUT NOW OR DIE" FLORIDA OFFICIALS WARN STATE IS ABOUT TO BE DESTROYED | REDACTED
199K885 -
1:10:14
Josh Pate's College Football Show
15 hours ago $4.69 earnedWeek 7 Predictions: OhioSt vs Oregon | OU vs Texas | PennSt vs USC | OleMiss vs LSU | NEW JP Poll
72.4K6 -
59:57
Flyover Conservatives
1 day agoWho is “Rich" and How Much Should We Tax “Them”? - Clay Clark; Economic Update - Dr. Kirk Elliott | FOC Show
70.4K18 -
54:55
LFA TV
1 day agoDemocrats in No Rush to Help Disaster Victims Vote | Trumpet Daily 10.8.24 9PM EST
69.4K25 -
4:37:33
Tundra Gaming Live
11 hours ago $3.50 earnedThe Worlds Okayest Slayer Of Undead Hords Becomes Spiritborn
68.1K3 -
59:21
Edge of Wonder
13 hours agoThe Military Industrial Complex & Breakaway Civilizations?
65.4K21 -
43:02
Chrissy Clark
11 hours agoWedding Recap, Trump On ‘Call Her Daddy’ & MORE! I Underreported Stories
51.7K32