SBA loan for Mixed-use building
Hello Everyone,
I am interested in using a SBA loan to purchase a mixed-used building to start my own property management company. The only problem I see is that although I work as a Asset Manager, I am young and not sure the bank will take me seriously. The buildings I am interested in are listed between 600k-1.3 million, but I feel the income the buildings are currently producing can support my start-up ( I will pay myself a management fee to manage the apartments above my office). I am also aware of grants from the city, that can help me out. Can anyone give me guidance on how I can get this done, I have been putting together a very good plan, but is it possible for a 22 year old to get a 1 million dollar loan? If so how can I make this work, and what can I do to present this to a lender? If not, what are my options?