Episode 107 | Funding Options That Actually Work for Assisted Living

In this episode, Brandon Gustafson breaks down the most effective funding strategies for launching an assisted living business. Drawing from his experience operating multiple facilities and securing over $1.5 million in SBA loans, Brandon guides beginners through loan types like SBA, conventional, hard money, and private lenders—highlighting what works, what to avoid, and how to prepare a lender-ready business plan. He also shares tips on combining funding sources, doing proper financial underwriting, and staying persistent even after rejection. 00:00:00 – Introduction 00:00:17 – Overview of Today’s Topic: Funding Options 00:02:56 – Transition to Funding Options Overview 00:03:48 – Combining Funding Strategies 00:04:08 – Traditional/Conventional Mortgages 00:05:49 – Limitations and Use of Conventional Mortgages 00:06:51 – Accessibility of Conventional Mortgages 00:07:39 – Hard Money and Private Money Lending 00:09:57 – Risks and Balloon Payments in Hard Money Loans 00:11:30 – Using Hard Money to Build Track Record 00:12:33 – Vetting Private Lenders 00:13:22 – Small Business Loans and Lines of Credit 00:14:46 – Combining Loans for Full Coverage 00:16:12 – Importance of Underwriting and Financial Planning 00:16:48 – SBA Loan Options 00:19:49 – How to Approach Lenders and Combine SBA Loans 00:20:31 – HUD Loans as a Refinancing Option 00:21:41 – Encouragement and Persistence 00:23:01 – Caution Against Over-Leveraging 00:24:44 – Outro and Next Steps Resources Mentioned: Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator. Get your free business plan checklist today: https://urlgeni.us/alibpc Learn about the Assisted Living Basics: https://www.assistedlivinginvesting.net/basics Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind Apply for the Mastermind today: alimastermind.com/application Join the Business Foundation Basics Workshop: Assisted Living Business Foundation Basics Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM Get the 12 Week Year Book: https://amzn.to/4bAOpQf Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5 Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink Courses:- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala- Do you need help building your business plan: https://urlgeni.us/alibpg FREE Resources:- Business Plan Checklist: https://urlgeni.us/alibpc- Calculator: https://urlgeni.us/alicalc- Lease Agreement Template: https://urlgeni.us/alila- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath- Grant Writing Template: https://urlgeni.us/aligrantNeed help with your payroll? Get Gusto: https://gusto.com/i/brandon9590 Follow Us: Subscribe to the podcast for more episodes.Leave a review to help us continue bringing you valuable content. Engage with us on our various platforms for further learning and support.Facebook | LinkedIn | X | Instagram