SBA 504 & 7a Loan to Purchase Self Storage

[Matt Woitalewicz]

Pro’s and Con’s to using SBA to purchase self storage facilities?

[Zach Quick]

More time/paper/brain burden than financing with a local bank.

Seller needs to have better documentation and cleaner books generally.

[Dan Wallace]

Higher leverage generally with SBA either 504 or 7a. 

Lower cost of funds at higher LTV than bringing in investors

With the right SBA lender, you can close within 30 to 45 days

Better fixed rate pricing with 504 program than traditionally bank financing

Generally more flexible underwriting with SBA 7a, and the right SBA lender

[Al Natour]

can you recommenced the right sba lender for my commercial property i need to refinance