In this video, we cover:
- The loan to cost limits for SBA 504 loans, including the 5% haircut for startups and special purpose properties.
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- How the 7A option allows for higher leverage, up to 90% of total project cost.
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- The differences in fixed rate terms and prepayment penalties between SBA 504 and 7A loans.
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- When to choose a 504 loan for larger total project costs.
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- How to determine the best financing option based on your business plans and property use.
If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )