Small Business Loans for a Cleaning Business

Small Business Loans for Cleaning Businesses

Hello Beau,
I am looking at three different cleaning business franchise concepts. Their startup costs are between $150k and $285k.

I watched your previous episode about the Robs rollover plan. That could be a good option for me over an SBA loan.

What are the pros and cons for each of those financing options?

Thanks,
Jeanette

Timestamps
[00:43] Is ROBS rollover plan the best option?
[00:45] Certain caveats when you do ROBS rollover plan
[00:50] Watch the “ROBS Rollovers Demystified: The Insider's Guide” episode here https://youtu.be/LJGFDGuX0M4
[01:01] You do not have to make specific payments back
[01:18] What is the retirement account doing for you?
[01:28] Investing in your own business might make a lot more sense
[01:36] Check if your retirement plan would be qualified to roll into ROBS rollover plan
[02:05] If you go SBA, there’s going to be a collateral shortfall

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#businessacquisition #franchisefinancing

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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