Can a Daycare Center Use an SBA 7a Loan to Expand Their Services or Facilities?
Can a Daycare Center Use an SBA 7a Loan to Expand Their Services or Facilities?
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 currently own a daycare facility and am looking to expand it. Can I get an SBA 7a loan for this expansion?
Thanks!
Sarah
The daycare center owner, Sarah, asks if they can use an SBA 7A loan to expand their facility. Beau confirms that an existing daycare business operating for over two years, whether a franchise or independent, could qualify for an expansion loan through the SBA 7A program.
The loan can cover up to 100% of the financing, including real estate, working capital, FF&E, and the SBA guarantee fee. Beau suggests considering the 504 loans as well but mentions that it has a longer prepaid penalty compared to the 7A loan.
Beau offers to provide more information and assistance in booking a call to discuss SBA financing options, including the 7A and 504 loans, for various business situations such as startups, buying existing businesses or franchises, building new office buildings, or expanding existing businesses.
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Timestamps:
(00:02) Question about getting an SBA 7A loan for expanding a daycare facility
(00:23) Possibility of 100% financing for real estate, working capital, and FF&E
(00:52) Benefits of SBA 7A loan for business expansion
(00:59) Book a call at http://bookwithbeau.com/
💥 Thanks for watching 💥
#daycarecenter #SBA #sba7a
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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