SBA Express Loans for Start-Up Franchises

SBA Express Loans for Start-Up Franchises

In this episode, "SBA Express Loans for Start-Up Franchises," we delved into small business financing and uncovered some invaluable insights you don't want to miss. This episode was made for you if you've ever considered diving into the world of franchise startups or small business acquisitions.

Here are five key takeaways from the episode:
1. Discover the best lender for smaller SBA Express deals, particularly if your total project costs fall within $100,000 to $200,000.
2. Learn about the fast-track process for securing SBA Express loans, which can potentially have you closing deals within a remarkable two to three weeks.
3. Uncover the intricacies of loan amounts, approvals, and the percentage of total project costs that different lenders are willing to support.
4. Understand the significance of equity injection and additional collateral in small business financing.
5. Get insights into the various interest rates associated with SBA Express Loans, depending on the loan amount and specific lender policies.

Are you an entrepreneur or business owner looking to buy or expand a business? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps:
(00:38) Working with a specific bank known for its speed in closing deals.
(01:14) One-page loan application process and credit scoring module.
(02:03) Quick processing and data collection, emphasizing the need for document preparedness.
(02:41) Gathering invoices for startup franchises and the transition to underwriting.
(03:28) Lender's efficiency for startup businesses and franchise acquisitions
(04:07) Considerations for larger loan amounts, longer processing times, and reserve concerns.
(05:07) Choosing the right lender based on specific needs and additional collateral considerations.
(06:33) Interest rates and fees, prime plus margin, and the capped rates set by the SBA.
(07:58) Reach out for further business financing and franchise acquisition discussions.

💥 Thanks for watching 💥
#SBAExpressLoans #FranchiseStartup #SmallBusinessFinancing #QuickLoanApproval

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 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.