Unlock the secrets of commercial lending tailored specifically for small business entrepreneurs with our expert guest, a seasoned local lender. Discover the crucial steps needed to secure a commercial loan, from registering your business to crafting a compelling business plan. We break down the nuances between residential and commercial lending, emphasizing the importance of a strong credit score and understanding unique pre-approval processes. Learn how SBA-preferred banks can be your allies in financing startup costs and real estate purchases, and get the lowdown on typical down payment requirements and loan structures.
We also tackle the complexities of securing an SBA loan, highlighting the critical due diligence required in real estate transactions. Our guest shares insights on gathering the necessary documentation and the significance of demonstrating liquidity, possibly through collateralizing loans with life insurance. For those in industries like restaurants and hotels or personal trainers eyeing property ownership, we offer tailored advice on showcasing business management skills and navigating heightened scrutiny. Tune in for invaluable guidance on making your entrepreneurial dreams a reality through strategic commercial lending.
Sarah Thress
614-893-5885
First Time Home Buyer course: https://sarahthress.graphy.com/
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