SBA Financing for a Pet Boarding Franchise

SBA Financing for a Pet Boarding Franchise

Hey Beau,
My local bank is dragging their feet getting me answers on an SBA loan. I am trying to get financing approved to purchase a dog boarding franchise concept. Maybe, I need to find a better lender? With franchise fees, buildout, and project costs we are looking at about $1mm in total project costs. What are your recommendations to find the best lender for this request?

Thanks,
JR

Timestamps
[00:24] Go to investorfinancingpodcast.com/ask to ask other questions
[01:23] Check the SBA-approved directory
[01:35] Once you deliver a full package to the lender, they should get you approval within 10 days or less
[01:45] What is conditional approval?
[01:52] Reach out to Beau’s team to get introductions to different bank and non-bank SBA lenders
[02:15] Identify the right lending partner that likes franchises
[02:36] Assess the deal and take it to a specialist
[02:50] Make sure to fit the characteristics of a solid borrower
[03:17] There are hungry lenders that love doing SBA financing
[03:20] Book a call at http://bookwithbeau.com/

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💥 Thanks for watching 💥
#petboarding #petboardingfranchise #financing #franchise #SBAloan #SBA

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.

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