SBA loans

[Eamon Conheady]

Hello, 

Just started seriously looking into financing for my new parent entity and was wondering if anyone had input on the SBA loans and other services offered by sba.gov 

I opened a bank account for my entity at a national bank, but was a bit disappointed to hear that they don't consider doing business loans until the business has existed for two years. I've rented a SFR for 8 years, but alas, it was just done through my own personal finances, bank accounts, and tax returns.

Thanks for your input!

[Andrew Baker]

@Barri Griffiths Hi, You can finance both with SBA. Run a comparison of the land rent annual cost to the Mortgage cost plus any additional expenses they will incur. If the mortgage is equal or less (and they are already profitable then it becomes pretty simple. The business is financially better off owning the land it sits on. SBA loans require 10% down. pm me if you'd like to talk more. Best,