How to Finance a Bed & Breakfast Using an SBA Loan

How to Finance a Bed & Breakfast Using an SBA Loan

Hey Beau, I’m originally from a town in Pennsylvania which is up in the mountains. There is an older, large home which would make a perfect Bed & Breakfast. I checked with the city and they said we could use it as a B&B. The plan would be to purchase the property for $760,000 and put about $200,000 in renovations.

Is this something SBA would finance?

Timestamps
[00:30] Can a bed & breakfast using an SBA loan be financed?
[00:34] Do you have experience in hospitality and business ownership?
[00:45] What could work in a rural area?
[00:5] Different factors depend on the location
[00:57] Do a fix and flip loan depending on what you need to do
[01:07] AN SBA loan could do 85-90% of the total project costs including the purchase price
[01:18] Can build in a couple of months of working capital and employees’ salaries
[01:22] SBA 7a would be an awesome option if you have a bit of hospitality experience and a track record
[01:31] Feel free to book a call at http://bookwithbeau.com/

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💥 Thanks for watching 💥
#sba7a #sba504 #sbaloans

_________________________________________________________________________________________________ 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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