SBA Loans, and Do Real Estate Investors Qualify?
Hi all, I am curious about SBA Loans. Specifically, how do Real Estate Investors, especially those starting out, would qualify for one. As a broader question: what services does the SBA provide that we can take advantage of? Thanks!
https://www.sba.gov/funding-pr...
There are several options for leveraging SBA loans, a 504 probably being most in line with traditional RE investing.
I would encourage you to do some searching and see if you can find a lender that does SBA loans and just talk to them about what you’re trying to do and they can guide you/educate you on what products they have.
Quote from @Thomas Corey:
Hi all, I am curious about SBA Loans. Specifically, how do Real Estate Investors, especially those starting out, would qualify for one. As a broader question: what services does the SBA provide that we can take advantage of? Thanks!
SBA loans are great especially for bigger deals! You can pull a lot of info off their site and are a good amount of lenders that do SBA loans too that give insight on best practices too!
For SBA 504 loans, only owner-occupied buildings qualify. They are designed for small businesses so the small business that purchased the building must occupy at least 51% of the building. The remainder can be leased out. For new construction, the business must occupy at least 60% of the building.