Why Don’t More Business Owners Buy Their Own Buildings?

So, why don’t more business owners buy their own buildings? I think a lot of it comes down to fear of the unknown. They don’t know the process; they don’t know how easy it can be; perhaps there’s some concern about dealing with bankers. The reputation of bankers has taken … Read More

The Number One Mistake People Make

So the number one mistake I hear quite regularly when people are convinced they want to own commercial real estate for their business is they immediately rush out, well–frankly, they go online and start looking at space in their city in their square footage requirements, what have you, or they … Read More

What does it take to qualify for the SBA 504 loan?

#1: Own a majority of the real estate. One of the qualifications for a SBA 504 loan is the square footage of the real estate you’re getting into. Are you going to occupy at least 51%, a simple majority? If you’re not, then you may not qualify for an SBA … Read More

Top 3 reasons the SBA 504 loan is better than commercial loans

#1: The down payment. The SBA 504 loan is better in terms of the down payment. We’re typically half to one third the down payment that an ordinary bank would require. So talking about a million-dollar purchase, you’re probably close to $100k as your down payment with us. With a … Read More

Should I Buy or Lease an Office Building?

So, I get this question a lot: Should I buy or lease? I have often told people when they’re starting out, it’s kinda funny. Someone will hear me speak somewhere or they’ll read a quote of mine in some media publication somewhere and they’re so excited and they want to … Read More

What is a SBA 504 loan?

So, what’s a SBA 504 loan? I get this question a lot, as you can imagine. It’s a commercial loan product that’s typically 90 percent loan-to-cost financing. What I mean is we take the purchase price of the property, any soft cost and any renovations and put it together. Whatever … Read More

What types of businesses has the SBA 504 loan helped?

We’ve financed a lot of different businesses with the SBA 504 Loan. In the past, we’ve financed a lot of multipurpose properties. These are things like free-standing office buildings, industrial warehouses and commercial condos. We’ll even do freestanding franchise restaurants and daycares. We truly do a variety of different things. … Read More

Who’s the best candidate for the SBA 504 loan?

The best candidate for the SBA 504 loan is a for-profit, privately held business. It’s a product meant for business owners to create wealth through the ownership of commercial real estate. You can also finance heavy equipment through the SBA 504 loan. Businesses with less than $15 million of tangible … Read More