How to Buy a $2 Million Business for $200K - EP.35

Today’s going to be a fun episode because we’re really excited to talk about today’s topic: SBA loans.If you think you need $1 million to get started in buying a company then this episode is for you. You don’t always need to have the capital or the rich uncle — there’s another way.In this episode we’re outlining everything you need to know about SBA loans — specifically the SBA 7(a) loan — and how you can go from dreaming about owning a business to owning one worth millions, yourself.Key Takeaways:[:13] If you’ve been enjoying the show we’d really appreciate you leaving a review on our iTunes page![1:00] About today’s show![2:33] What an SBA loan is.[7:50] Do these loans have fixed or variable interest rates?[9:07] A few of the caveats to getting an SBA loan.[13:21] Why you may not want to go to 90% loan to value.[14:36] Another important caveat if your business depends on the location that it’s at.[16:54] Giving an example of a real business scenario using an SBA loan.[19:07] Who SBA loans are good for and who they’re not good for.Mentioned in this Episode:The Alternative Investor on iTunesSBA LoanSBA 7(a) Loan Wells Fargo [email protected]  For More on The Alternative Investor, Check Out:TheAlternativeInvestorShow.com Hosted on Acast. See acast.com/privacy for more information.