Compare Offers from Banks on SBA 7a Financing

Compare Offers from Banks on SBA 7a Financing

Beau, what's the best way to shop and make sure I'm getting the most favorable terms for my business acquisition financing? Purchasing a tire store "non-franchised". No real estate- just the business.

Thanks,
Gary

Timestamps
[00:24] If we are looking at SBA financing, SBA 7a is the type of financing for you
[00:31] We are going to look at if there is a fixed-rate option
[00:35] Most lenders are going to offer variable rate
[01:06] The margin is what we are going to negotiate
[01:13] Negotiating on leverage
[01:34] Collateral shortfall as a negotiation point
[01:51] Some banks might be more liberal with how much working capital and the total project cost
[02:13] It is not always about the cheapest margin
[02:24] Sometimes, it is better to pay a little bit higher rate
[02:49] Working with a commercial mortgage advisor is the biggest advantage
[03:14] We help you package and we can help you find the best deals
[03:25] Most of the banks want to work with the commercial mortgage advisor
[04:04] Certain banks do not like business acquisition if there is no real estate involved
[04:30] Book a call at https://investorfinancingpodcast.com/rumble
[04:49] Go to investorfinancingpodcast.com/ask to ask other questions

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

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

💥 Thanks for watching 💥
#SBA7a #sba7aloan #businessacquisition

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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