The SBA 504 Loan Process In The New Year: What You Need To Know

The SBA 504 Loan Process In The New Year: What You Need To Know

Welcome to another insightful episode! Today, we dive deep into the SBA 504 loan process for 2024 and beyond. The SBA is waiving guarantee fees for loan submissions from September 2023 to October 2024, offering significant savings. We explore how the SBA 504 loan can finance owner-occupied real estate and machinery, providing up to 90% financing. Whether you’re a small business owner looking to expand or acquire property, this video breaks down the two-part loan structure, eligibility criteria, and the roles of banks and CDCs.

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📌 Timestamps:
0:00 SBA 504 Loan Overview
0:39 Eligibility Criteria for SBA 504 Loans
1:20 Loan Structure: Two-Part Loan Explained
3:04 Finding the Right Bank and CDC
4:41 Special Considerations for Construction Projects
5:50 Understanding Loan Terms and Bank Preferences
7:50 Underwriting Process and Prepayment Penalties
8:16 Refinancing with SBA 504
10:33 Loan Structure and Fixed Rates
11:07 Special Purpose Property Financing
11:39 Comparing SBA 7A and SBA 504

💥 Thanks for watching 💥
#SBA504 #SmallBusinessLoans #CommercialRealEstate #BusinessFinancing #LoanProcess #SBA504Loan #SmallBusinessGrowth #Entrepreneurship #BusinessExpansion

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 all your projects.

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