How Does the SBA 504 Loan Process Work in 2024?

How Does the SBA 504 Loan Process Work in 2024?

Welcome to another episode where we dive deep into the intricacies of the SBA 504 loan process in 2024 and beyond! Join us as we unravel the complexities of securing financing for your next big project and learn how to navigate the ever-changing landscape of commercial lending.

In this episode, we explore the ins and outs of the SBA 504 loan, discussing eligibility criteria, project structuring, and key considerations for borrowers. From understanding the dual underwriting processes to identifying the right financing option for your specific needs, we cover it all!

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:
0:00 - Introduction to SBA 504 Loan Process in 2024
1:34 - Benefits of SBA 504 Loans and Guarantee Fee Waivers
2:05 - Eligibility Criteria and Project Overview
2:23 - Understanding the Two-Part Structure of SBA 504 Loans
7:28 - Loan Structuring and Finding the Right Lender
8:35 - Role of Banks and Certified Development Companies (CDCs)
10:28 - Special Considerations for Construction Projects
11:36 - Comparison with SBA 7A Loans and Other Financing Options

💥 Thanks for watching 💥
#SBA504Loan #CommercialLending #SmallBusinessFinance #FinancingStrategies #BusinessLoans #SBAFinancing #Entrepreneurship #BusinessTips #RealEstateInvesting #financialeducation

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.