What Are the Cashflow Requirements Needed to Qualify for an SBA Loan?

What Are the Cashflow Requirements Needed to Qualify for an SBA Loan?

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Hey Beau, I’d like to buy a business but my personal income last year was pretty low due to a transition with my career.

The business I’m buying has strong cashflow but I’m concerned that my global cashflow will not look strong.

Any suggestions on dealing with this?

Thanks,
Shelley

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Timestamps:
(00:05) Shelley asks about buying a business despite her low personal income due to a career transition.
(00:24) Beau suggests documenting and explaining the situation in a letter to resolve the global cash flow issue.
(01:06) Looking at year-to-date and projections can help tell the story and qualify for loans.
(01:20) Working with banks, credit unions, and non-bank SBA lenders to find the right fit and package the loan application in the best light possible.

💥 Thanks for watching 💥
#cashflowrequirements #SBA #SBALoan

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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