How to Buy a $2 Million Business for $200K - EP.35

Today’s going to be a fun episode because we’re really excited to talk about today’s topic: SBA loans. If you think you need $1 million to get started in buying a company then this episode is for you. You don’t always need to have the capital or the rich uncle — there’s another way. In this episode we’re outlining everything you need to know about SBA loans — specifically the SBA 7(a) loan — and how you can go from dreaming about owning a business to owning one worth millions, yourself. Key Takeaways: [:13] If you’ve been enjoying the show we’d really appreciate you leaving a review on our iTunes page! [1:00] About today’s show! [2:33] What an SBA loan is. [7:50] Do these loans have fixed or variable interest rates? [9:07] A few of the caveats to getting an SBA loan. [13:21] Why you may not want to go to 90% loan to value. [14:36] Another important caveat if your business depends on the location that it’s at. [16:54] Giving an example of a real business scenario using an SBA loan. [19:07] Who SBA loans are good for and who they’re not good for. Mentioned in this Episode: The Alternative Investor on iTunes SBA Loan SBA 7(a) Loan Wells Fargo Grayson@StablesPartners.com    For More on The Alternative Investor, Check Out: TheAlternativeInvestorShow.com See acast.com/privacy for privacy and opt-out information.

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