Financing a Dumpster Franchise [Redbox+]

Financing a Dumpster Franchise [Redbox+]

Hi Beau,
I'm evaluating some dumpster-type franchise businesses. I like this one so far. It's called redbox= dumpsters. Basically there are some franchise start up costs like buying a truck and some dumpsters. Looks like the initial cost will be around $700k.

Looking to you for guidance on how much down payment I would need and what type of SBA loan to apply for.

Thanks,
John
Timestamps
[00:19] Go to investorfinancingpodcast.com/ask to ask other questions
[00:58] Is Redbox an SBA eligible?
[01:40] Make sure you are building in the working capital
[01:48] Come up with a business plan with total sources, uses, and total project costs
[02:17] How much of the total project costs can you lend from each bank?
[02:28] Banks could look for additional collateral if there is a collateral shortfall
[02:45] How many units are there? Is it a startup franchise?
[02:54] Beau’s team can help you facilitate the transaction by putting together the whole plan and getting the projections right
[03:10] The good thing about franchise concepts
[03:19] We can help you identify a bank that likes your franchise concept
[03:32] Some banks like certain sectors in the franchise space; some do all types of franchise financing
[04:01] How much down payment would you need in one type of SBA loan to apply for?
[04:18] Do you have ongoing income?
[04:28] Start becoming a very good borrower to get approved easily
[04:46] There are banks that underwrite specifically to the SOP
[05:04] Book a call at http://bookwithbeau.com/
[05:19] Things to do when you have existing businesses

Redbox+ is listed on the Small Business Administration (SBA) approved directory and eligible for an SBA loan. The estimated total cost of the franchise is between $700,000 and $750,000, including the purchase of a truck and dumpsters.

SBA banks typically lend 80 to 90 percent of the total project cost, which can vary based on John's creditworthiness and financial status. John can expect a down payment of 10 to 20 percent of the total project cost. The process of obtaining an SBA loan and the necessary documents, such as a financial statement form, personal tax returns, and franchise disclosure documents, are explained.

A free strategy call is offered to help John achieve his real estate investing goals. A proven framework that has helped many investors grow their portfolios is available to help John create a strategic finance plan.

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 💥
#franchisefinancing #sba7a

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 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.