Can I Obtain Two SBA Loans for Purchasing Two Businesses Simultaneously?

Can I Obtain Two SBA Loans for Purchasing Two Businesses Simultaneously?

In our latest episode of the Investor Financing Podcast, we explored an intriguing possibility - the potential to secure multiple SBA loans for the simultaneous acquisition of two businesses. Beau Eckstein generously shared invaluable insights and guidelines that could open up exciting new opportunities for your business ventures.

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

Here are five key takeaways that you should definitely take note of:

1. It is indeed feasible to complete multiple business acquisitions using SBA financing, provided that the combined loan amount for both businesses remains under $5 million.

2. While the acquisitions may not occur simultaneously, understanding and navigating the intricacies of SBA financing can make it viable to acquire two businesses.

3. The SBA employs a six-month retrospective period, during which they assess the combined loan amounts for both businesses.

4. A helpful tip to keep in mind is that, starting from October 1, the SBA has waived guarantee fees for loans under 1 million dollars, presenting an exceptional opportunity for aspiring business owners.

5. While not always the recommended approach, the simultaneous acquisition of two businesses can be accomplished with adept adherence to SBA guidelines.

Here's a fascinating tidbit: In the episode, Beau Eckstein underscored the potential of economic challenges as a remarkable opportunity to purchase a business, initiate a new venture, or invest in a franchise. It's all about seizing the moment and making the most of the current economic landscape.

In conclusion, Beau Eckstein emphasized his readiness to assist with SBA financing, business acquisitions, franchise endeavors, and real estate investments. His expertise could serve as the guiding hand you require to successfully navigate the world of business acquisitions.

💥 Thanks for watching 💥
#businessopportunity #sbaloans #businessacquisition

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your 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.