How to Improve Your Chances of Approval for a California Small Business Loan Guarantee

How to Improve Your Chances of Approval for a California Small Business Loan Guarantee

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Q: I am a small business owner in Los Angeles who is looking to purchase a warehouse space for my growing business. I have been approved for a loan from a participating lender, but I am still not sure if I qualify for the California Small Business Loan Guarantee Program. I know that the program can help me get a lower interest rate on my loan, but I'm not sure what other benefits it offers. Can you tell me more about the program and how it can help me? NOTE: I was having trouble getting SBA loan, maybe it was because I am a non-US citizen. Thanks!

Jamar

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Timestamps:
(00:01) - Jamar asks a question about not being approved for a loan but is unsure if he qualifies for the California small business loan guarantee program
(00:36) - Beau discusses potential issues with getting an SBA loan as a non-US citizen and suggests the California state guarantee program as an alternative.
(01:05) - The feasibility of the state guarantee program and mentions around $300 million in guaranteed programs done this year alone.

💥 Thanks for watching 💥
#WarehouseSpace #LoanApproval #CaliforniaSmallBusinessLoanGuaranteeProgram

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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