How to Get SBA Financing to Buy Your First Franchise

How to Get SBA Financing to Buy Your First Franchise

Ready to buy your first franchise? Discover how to secure SBA financing to buy your first franchise with expert insights from Beau Eckstein. Learn the strategies and steps necessary for a successful loan application and business launch. Join Beau as he breaks down everything you need to know about securing SBA financing to make your entrepreneurial dream a reality.

In this video, you’ll discover:
-How to leverage tax strategies to legally reduce taxable income.
-The crucial role of SBA 7(a) and 504 loans in financing franchise startups.
-Key requirements like good credit, a solid business plan, and the right equity injection.
-The benefits of SBA loans, including longer repayment terms and lower down payments.
-A step-by-step guide to navigating the SBA loan process, from intake to approval.

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📌 Timestamps:
00:00 Franchise startups: loans under $500,000; SBA benefits.
10:35 FDD crucial for franchise loan approval, evaluation.
15:42 Due diligence crucial before signing franchise agreements.
21:52 Triangle method: ideal business model for tax benefits.
27:55 NAICS determines financing; franlending.com offers guidance.
29:33 Obtain pre-approval, prepare documents, draft business plan.
35:03 Many don't utilize valuable free mentoring sessions.
44:53 Teach business early for entrepreneurial success.
45:50 Focused on tax strategy for generational wealth.
51:18 Experienced franchisee reduces high-risk restaurant investment.
56:45 SBA financing risks: Liens on real estate collateral.
01:02:13 Banking support, franchise guidance, business events, webinars.

💥 Thanks for watching 💥
#FranchiseOwnership #SBALoans #SmallBusinessFinancing #FranchiseStartup #SBA7aLoan #BusinessOwner #FranchiseFinance #FranchiseTips #BusinessLoans #startupfinance

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 your 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.