Can Preschools and Day Care Centers Be Funded with SBA 504 Loans?

2 years ago
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Can Preschools and Day Care Centers Be Funded with SBA 504 Loans?

Hey Beau, I have been a teacher for many years and would really love to own my own daycare. What would the best SBA financing options be? Most likely, we’d want to buy the real estate, as well.

Thanks,
Dottie

Timestamps
[00:20] A lot of SBA loans are made to preschools and day care centers
[00:34] SBA 504 with 10-year prepayment penalty versus the SBA 7a with 3-year prepayment penalty
[01:02] The SBA 504 cost of capital is a little bit cheaper but it does upfront costs
[01:11] “Every deal is unique”
[01:16] Figure out the deal itself and the borrower
[02:08] There are variables that need to be addressed
[02:26] Book a call at http://bookwithbeau.com/

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_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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