How to Buy a $2 Million Business for $200K - EP.35

Today’s going to be a fun episode because we’re really excited to
talk about today’s topic: SBA loans.


If you think you need $1 million to get started in buying a
company then this episode is for you. You don’t always need to
have the capital or the rich uncle — there’s another way.


In this episode we’re outlining everything you need to know about
SBA loans — specifically the SBA 7(a) loan — and how you can go
from dreaming about owning a business to owning one worth
millions, yourself.


Key Takeaways:


[:13] If you’ve been enjoying the show we’d really appreciate you
leaving a review on our iTunes page!


[1:00] About today’s show!


[2:33] What an SBA loan is.


[7:50] Do these loans have fixed or variable interest rates?


[9:07] A few of the caveats to getting an SBA loan.


[13:21] Why you may not want to go to 90% loan to value.


[14:36] Another important caveat if your business depends on the
location that it’s at.


[16:54] Giving an example of a real business scenario using an
SBA loan.


[19:07] Who SBA loans are good for and who they’re not good for.


Mentioned in this Episode:


The Alternative Investor on iTunes


SBA Loan


SBA 7(a) Loan


Wells Fargo


Grayson@StablesPartners.com 


 


For More on The Alternative Investor, Check Out:


TheAlternativeInvestorShow.com





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