“The debt on it was about 90%… we’ve done expansion loans… now we’re at the cap of the SBA program and use a commercial real estate loan”
♫
Said on Acquiring Minds
“In August, Jeff closed on the remaining two-thirds with an SBA loan.”
Jeff Thompson · Acquiring Minds · Run It for 6 Months Before You Buy It
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What was described
closed on the remaining two-thirds of Charter Elevator with an SBA loan
Said nearby on the same subject
“They can help unlock up to $3 million of conventional debt on top of the $5 million limit of SBA 7A loans.”
♫
Said on Acquiring Minds
“So what we do is we abandon the assets to the SBA and they never come pick them up. And I have a number of clients running a new business and using the assets that are secured to the SBA, which eventually security interest after five years, if it doesn't get renewed, and they don't often do it, expires.”
BL
Barry Levine
Leadership In Law: Growth & Leadership for Law Firm Owners ·
“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”
AG
Aidan Gullman
Financial Autonomy ·
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