Financing Options for a Restaurant Acquisition [SBA Financing]

Financing Options for a Restaurant Acquisition

Question: Hi Beau, what are the best options to purchase a building that I’d like to open a restaurant in? I do have restaurant experience – I’ve been in restaurant management for 16 years. This would be a non-franchise restaurant (independent).

Thanks,
Maya

Timestamps
[00:42] Ability to come up with the equity, the cash injection you need for the down payment
[00:57] The bankers want to see three years of projections and a good business plan
[01:03] Third party companies that can help you prepare the business plan
[01:07] Free resources like score.org and the Small Business Development Centers can help you put together your business plan and projections
[01:35] Doing SBA 7a to build more working capital
[01:46] SBA 504 would be good if you want a long-term debt
[01:56] Feel free to book a call at http://bookwithbeau.com/

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#sba7a #sba504 #sbaloans

_________________________________________________________________________________________________ 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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