Evaluating SBA 7a vs. SBA 504 Loans for Your Self-Storage Business: Finding the Perfect Match

Evaluating SBA 7a vs. SBA 504 Loans for Your Self-Storage Business: Finding the Perfect Match

Question: Hello Beau, I'm considering purchasing self- storage units valued at $1.8 million currently 85% occupied. There's potential to increase both rents and occupancy. Will the SBA 7A or 504 loan be a better option? -Justin

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Timestamps:
00:39 - Justin's Question: SBA 7A vs. 504 Loan for Self-Storage Units
01:01 - Comparison of SBA 7A and 504 Loans
01:21 - Factors to Consider: Underwriting Process, Prepayment Penalties, and Flexibility

💥 Thanks for watching 💥
#RealEstateInvesting #FinancingOptions #SBA7A #SBA504 #SelfStorageUnits #InvestmentStrategies #PropertyInvestment #UnderwritingProcess #PrepaymentPenalties #ValueAdd

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.

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