Episode 108 | Truth About Funding Your Assisted Living Business

In this episode, Brandon shares one of the most crucial—and often most intimidating—parts of launching your assisted living facility: funding your business. Whether you're exploring SBA loans, conventional mortgages, or hard money options, this episode equips you with actionable insights to help you get funded and get started. 00:00:00 – Welcome & Introduction00:00:50 – Topic Overview: The Truth About Funding Your Assisted Living Business00:01:24 – Major Funding Concerns and Down Payment Overview00:01:47 – SBA Loans Explained (Small Business Administration Loans)00:02:42 – Conventional Mortgages and Investment Property Classification00:03:11 – SBA vs. Conventional Loans: Operating Capital Considerations00:03:59 – Additional Funding Options for Operating Capital00:04:27 – Hard Money & Private Funds00:05:44 – Using Hard Money as a Bridge to SBA Financing00:06:13 – How to Find a Lender: Building Relationships & Avoiding Overwhelm00:06:43 – The Value of Lending Brokers00:08:23 – Finding Lenders via Online Searches & Registries00:08:59 – Importance of a Solid Business Foundation Before Approaching Lenders00:09:45 – Networking & Cold Outreach Strategies00:10:35 – Building Credibility and Strengthening Conversations with Lenders00:10:42 – Qualifying for Lending: Documentation & Creditworthiness00:12:42 – Partnerships to Improve Credit Profile00:13:12 – Real Talk on Grants: Limitations and Use Cases00:13:49 – Grants as Supplemental Funding: Grant Funding Foundations Course00:15:23 – Final Encouragement & Outro 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