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Calculating Your Franchise Startup Budget with SBA 7A Financing: Assessing Your Buying Power
Calculating Your Franchise Startup Budget with SBA 7A Financing: Assessing Your Buying Power
Question: Hey Beau,
I'm wondering how I can determine the approval amount for purchasing a franchise startup. Currently, I have $45k in liquid funds and an additional $50k that I can convert by selling some stocks.
Thank you, Raul
Want to learn more about buying a franchise? Come to our free event on September 26, 2023. Learn more here - http://franchisefastpitch.com
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
Timestamps:
00:17 - Different banks' requirements for startup deals
00:54 - Low reserves and working capital
01:25 - Credit scoring model for small businesses
01:40 - Determining total product cost for franchise requirements
02:10 - Factors for getting deals done
💥 Thanks for watching 💥
#franchisestartup #SBA7Afinancing #sbaloan
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 your 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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