SBA 504 vs 7(a): What’s the Difference?

[@chipdempsey3389]

When your website requires submitting a social security number, you lost my interest in contacting you.

[@meloniemoncrieffe3248]

This is a very insightful video

[@huongtrinh8609]

thank you!

[@GrowbyJoe]

I appreciate you taking the time to check out my video! Thank you!

[@michaelyangsun1521]

hi， Joe， what loans options are available for Canadian to buy business in America ?

[@tarasfrankivskyy6973]

Hi,
Is it possible to work with multiple SBA 504 brokers to get the the best loan terms? Just like when shopping for residential mortgage

[@royalbrooks8042]

Can you talk about the SBA 7(a) and 504 SOP 50 10 7.1 eligibility guidelines?

[@GrowbyJoe]

Hi Royal Brooks!
It's always best to confirm directly on the SBA's website for the most current and up-to-date eligibility information directly from them.

[@royalbrooks8042]

@@GrowbyJoe I agree and that is why I've asked the question. "Why did the SBA move eligibility out of the hands of the lender?"

[@ajkauly3682]

Greetings Joe, thanks for your insightful video! I have a business rebuilding bicycles since 2001, have been renting a 2000 ft2 workshop since 2007. I am buying a 4000ft2 building for 100k but probably 80 to 150k in rennovation. Which of the two types is better? I have 30k to put downpayment. NOw i pay 20k in rent every year. I am inventory heavy, but but costs of inventory are low, i make profit from my labor/skills in restorin and improving bikes. I am ok with transitioning into more parts sales in order to fund business if need be. AJ in Lansing, MI