Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on .

User Stats

2
Posts
0
Votes
Jeffrey A.
0
Votes |
2
Posts

SBA loan for commercial prop. and equipment to start a business?

Jeffrey A.
Posted

Hello everyone. I've been trolling this site for some time and I am in the planning stages to start a towing business in the greater Cleveland (Ohio) area. Here's what I'm looking at:

I found some commercial property for sale that more than meets the requirements for starting a licensed towing business in Ohio. The property is mixed-use that when rented should bring in around $2200-2500 dollars.

Is it possible to get a SBA loan to cover the cost of the property needed as well as purchase a flatbed tow truck? 

If so, should I contact the owner or the realtor to get a purchase agreement that can be included in my business plan?

I'm sure I'm forgetting something but for now any help would be great.

Also, I am a 0% rated disabled vet if that helps and I am looking at around 200 to 225k to get started.