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18 February 2025 | 17 replies
For an SBA hotel loan, the SBA may guarantee say 30% of the loan and a traditional bank takes the next 50%...total LTV/LTC of 80%...will vary by business but it's higher/better than the previous replies (otherwise, you would just get a traditional commercial loan without the SBA involved).
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10 February 2025 | 4 replies
Partnering with others can help you scale your business and access greater resources.
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12 February 2025 | 4 replies
I work a W-2 day job and have my own electrical business.
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13 February 2025 | 1 reply
We rented the 2/1 side for $1300/mn and thought we could finish the addition of the bath and closet but got so busy with my construction business I still have not completed the work.
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18 February 2025 | 4 replies
I am in the LSU Business Management program working on my Bachelor’s degree.
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18 February 2025 | 148 replies
. | Better Business Bureau® (bbb.org) What will filing a complaint with the BBB do?
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13 February 2025 | 16 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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12 February 2025 | 3 replies
It’s off of a very busy road with lots of frontage and its own personal billboard on top of the building.I’m having a hard time figuring out what to do with the property, whereas it is more on the outskirts of town.
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24 February 2025 | 14 replies
There is so much cost to running a (any) business, even changing a light bulb is expensive for a PM.
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12 February 2025 | 27 replies
-Here’s the harsh truth, they didn't want to do business with you.