Episode 52 | How to Use the SBA to Fund Your Assisted Living Business

In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through launching an assisted living business with a focus on leveraging SBA funding. Brandon explains the basics of the SBA program, how to find SBA lenders, and the detailed steps in securing funding. Topics include building relationships with local banks, the role of lending brokers, and the importance of thorough paperwork. The episode also covers the comparisons between 7a and 504 SBA loans and emphasizes the necessity of being responsive and organized to obtain the loans successfully. 00:00 Introduction to the Podcast 00:49 Understanding SBA Funding 02:41 Finding the Right SBA Lender 04:26 Working with Lending Brokers 05:25 Cold Outreach Strategies 08:15 Navigating the SBA Loan Process 12:47 Final Steps and Paperwork 14:24 Recap and Closing Remarks 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 the Mastermind today: alimastermind.com/application Join the Bussiness 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 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