Collateral Requirements for SBA Loans Under 500k (2023 Update)

1 year ago
9

Collateral Requirements for SBA Loans Under 500k

In this episode, we shed light on the collateral requirements for SBA loans. Here are 5 key takeaways from the episode that you can look forward to:

1. The official guidelines: Discover what the SBA guidelines state about requiring additional collateral for loan amounts under 500,000. (Hint: Prepare to be surprised!)

2. Banks and collateral: Learn why banks may still try to take collateral even though it's not a SBA requirement, and how to navigate this situation with confidence.

3. Negotiation tactics: Find out how knowing the non-requirement of additional collateral can give you a competitive edge and help you negotiate favorable terms.

4. Considering your assets: Understand the importance of assessing your own equity and how it can influence your decision to use it as collateral or preserve it for future opportunities.

5. When collateral becomes necessary: Explore scenarios where putting up collateral becomes essential, and make informed decisions based on the needs of your specific deal.

Are you an entrepreneur or business owner looking to buy or expand a business? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#Collateralrequirements #SBAloans #sba7a

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.

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