How an SBA Loan Can Make You Rich
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- Опубліковано 28 сер 2024
- Don't be scared to invest in commercial property with an SBA loan, you can make so much money!
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Ha ha! This guy is legit. He’s my neighbor and gets things done. Guys, listen to him.
I thought you had to occupy the majority of the building with your business?
How did you buy it for 1M if your neighbor is worth $3M?
That’s the part that made you rich
Dscr loan after that maybe
You left out this part. Am I eligible?
To be eligible for a 504 loan, your business must:
Operate as a for-profit company in the United States or its possessions
Have a tangible net worth of less than $15 million
Have an average net income of less than $5 million after federal income taxes for the two years preceding your application
I wish youtube allowed audio comments so i could express myself through fart.
That’s interesting because I thought SBA loans were for owner occupied, not investment flips?
A small business administration loan??? Maybe you are confusing that with FHA?
@@XavierWConzet he said he bought this property with an SBA loan if it’s not owner occupied, how can he do that?
@@keepdreaming227 an SBA loan is a business loan. This is a commercial building.
How can I get this SBA loan to buy a business?
Bro how do you service the loan on a 3 million dollar property when its almost impossible to positive gear a house these days (without an existing portfolio)
Yes all this 🤞 yes lord all this I'm about to take off watch
who do you talk to when you want to refinance and stuff to take out your money and buy another property? the bank or your real state agent or?
DOUBTFUL !!
How did you get it for 10% down I want to buy a multi family apartment can I go through the sba ? I don’t have a business should I create a LLC or what
SBA loans are only available for owner occupied commercial real estate. So, the borrower/business owner must occupy at least 51% of the property.
Blessed!!!
How is it an investment if it was purchased with a loan?
Once you sell it for 3 Million you pay the loan back what’s owed and you keep the profit.
That's my last name on the building. Cool
What if you want to purchase an existing multi unit apartment complex that’s for sale and are already occupied, would I be able to get funding to purchase the building
We wish to ask your service for loan I wish to ask you if a private company from Rwanda is allowed to get loan?
Thanks
Your business entity must occupy at least 51% or more of the property plus have cash flow for 2 consecutive years or more to get approved plus 650+ credit
Please mentor me. I want to create generational wealth please. My children deserve so much.
Cool now i just need 250k -.-
Why 250k?
@@JayLupe large loans as such need 10-20% down
Or they will looks at your current business income and judge you
If your business isnt pulling in 10-16,000 per month ull never get a sba or normal scalper loan for another over 450k-- and those are 3 year terms at like 20% interest
@@justinz830 oh ok cause i figured only 125k since that is 10 percent of 1.25mil. Can i buy real estate with a sba loan? If so, what type?
@@JayLupe you can buy property yes if its in your business plan under your llc or corp
And they will want 3 year pro forma / financials of yourself
Credit score 680ish / and the downpayment
And a sound business plan to how this will make money
30 day process and roughly 50/60% success rate
@@justinz830 thanks alot man, i really appreciate it
let's see you do a backflip
Is this new math?
It's rare to find grant approval program like that of Johnson Consultancy with such a good heart who's ready to help you out. This dude is a rare gem, I hope it's a miracle that announces a new bypassing path, not the last goodbye to.
Thank you for being with me with good skills getting me approved for a grant.
I always miss the part where they get the 10% to be able to invest.
Usually businesses that qualify for SBA loans for that that amount of money have super solid financials to begin with. He was obviously a successful businessman before he obtained that loan.
Do you have any single friends
I appreciate what You’ve done for Me Mrs Patrisiah Just a random thought come to my mind that I have to thank you for being so kind for the $70,000 Grant payment you added into my balance to set up my business.and thank you for making my life better there’s No one like her I’m so grateful thank You•
Now I understand the reason why people keep recommending johnson Consultancy because he's a good man and legit when it comes getting people approved for grant. His attention to detail and drive to produce top-quality results has proven extremely valuable to in the process of getting my grant form approved.
I'm successful today because I never stopped trying when I fall. I gather my self enough courage and energy to take a bold step and rise again. There's so much Joy when you're progressing financially. My life is sweet now because of Mrs Patrisiah wonderful and excellent Grant service. I received some of $80,000 Payment from her service to start up my small business May God keep blessing her works abundantly as she helped me start my career business she's the best among others
Hi, i also hoping to start a small business in my community. I just don't know where to gather my capital.
Patriciatannerhelped
Gma!L
You can contact her through her maîl
I was able to get and received my loan through her service she’s the best professional grant applications writer
Lier