What Are Common Small Business Loan Terms for the SBA 7a with Real Estate?

1 year ago
48

What Are Common Small Business Loan Terms for the SBA 7a with Real Estate?

Hey Beau, what is the longest amortization for an SBA loan if there is real estate included? I am looking at purchasing a business with real estate.

Thanks,
Jim

Timestamps
[00:16] The longest amortization for an SBA loan
[00:26] How to do 25-year amortization?
[01:12] Making sure that the real estate itself is 51% or more of the purchase price
[01:20] What will happen if the real estate itself is less than 51% of the purchase price?

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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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