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Updated over 2 years ago,
SBA Loans? Other options?
Good morning! So we broke the rules on the last post with soliciting… still learning! Maybe we can get some advice though. So my wife and I know exactly what we want to do with a new real estate purchase, but are looking at which financing option is the best. Due to us just starting the food truck, our income risk looks super high for most loans. How do SBA loans work? Could we have a partner with awesome credit that could back ours? Is it based on how well our current business is doing?
Our loan is is going to be used to build a business with multiple income streams on the same property. Are there other financing options that look solely at the business plan and the ability of the investor to execute that plan?
Thanks for reading!