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Updated almost 2 years ago, 12/07/2022
SBA 7a vs Conventional commercial Loan ?
Hello everyone. New to investment and the BP community!
Im in the process of buying a commercial office condo for my business.
I have been offered 100% financing thru sba 7a loan ( 25 yrs) or conventional loan (20 yrs )with 20% and both at 5.25% interest
SBA will place a lean on my personal house as collateral until a certain amount of the loan has been met
My question as a newbie is ... Should i go for SBA 7a loan and have the lean on my house and get 100% financing and have the liquidity available for other deals as they arise or should i take the conventional loan a forgo a lean on my property. What would be the best investment route in your opinion?