Episode 5 | How to get over 1 Million in Funding for your Assisted Living Business

In this podcaast, we explore how to secure over a million dollars in funding to launch an assisted living business. Brandon, who owns two assisted living facilities, shares his experience in obtaining over $1.5 million in SBA funding through strategic business planning and underwriting. Key steps include crafting a solid business plan, performing thorough underwriting, appraising the property and business value, and finally, finding a lender. The importance of each step is highlighted to ensure confidence and approval from lenders, investors, or partners. 00:00 Introduction to Securing Funding for Assisted Living Business 00:30 Importance of a Solid Business Plan 01:08 Understanding Underwriting and Its Role 02:20 Running Different Financial Scenarios 03:32 Evaluating Property and Business Value 05:36 Finding the Right Lender 06:40 Recap and Final Thoughts   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 Investing Mastermind: assistedlivinginvesting.net/mastermind Apply for a free strategy call today: https://urlgeni.us/alistrat 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 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