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17min chapter
SBA Lending For Buying Businesses + Buildings w/ Angelo Medici
WTF Gym Talk
Lending to the Fitness Industry
Angelo Medici from Live Oak Bank discusses the bank's specialization in lending to the fitness industry and highlights the low default rate in SBA lending. The chapter also explores the assumption of loans in the fitness industry and the benefits of gym owners maintaining a full-time job outside of their business. Additionally, the process of obtaining a loan for a business, including the inclusion of payroll expenses, is discussed.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode