USING AN SBA 7(A) LOAN FOR A BUSINESS ACQUISITION

#Finance #Loans

On this video I explain the basic documents you'll need to have ready to present to a bank or lender for an SBA 7(a) Loan specifically for business acquisition.

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If your considering an SBA 7(a) loan for a business acquisition, starting a franchise, partner buyout, expansion, equipment, debt restructuring and many other uses... Did you know you can also purchase commercial property and stretch your entire loan term out from up to 10 year to 25 years? You are required to owner occupy at least 51% of the property but you can lease out the other 49% and potentially have your lease payments cover a part or all of your loan monthly payment.