Small Biz owner- is SBA style loan better than a FHA loan?

[Jesse Sheeran]

I have a small business that does about 400k in revenue annually.  I took 80k in salary in 2018, 2019 it might be down a bit as I reinvested in the business.

I have access to about $300-$350,000k in savings. I have never owned a home.  I live in California and home ownership seems impossible here and I currently live alone anyway.

Credit Score should be about 740.

If I wanted to purchase and investment property for rental income in another state (Texas) do you think I should have my corporation purchase it, or should I take advantage of some sort of "first time home buyer" program and buy it personally?

Than you for your initial thoughts and recommendations.  I plan to research both options, but I was wondering what your initial reaction might be to this question.

As I understand it, SBa loans would require 10% down payment and are generally favorable loans.  On the other hand, a personal loan might get just as good of terms (but my personal income is a little more variable and spotty than my business revenue).  Of course I took every opportunity over the years as a business owner to write down the smallest income number possible in April, by reinvesting in my business.  I also assume any "First Time Home Buyer" programs are geared toward people that will actually live in the home, not an investor.  Especially a new investor.

Since I am a new investor, what kind of down payment should I expect to come up with to get favorable terms on a property I have no intention on living in?

Finally do you know which process might be faster?  Thank you for your attention and answers.