4min chapter

WTF Gym Talk cover image

Buying A Building Part 1 | SBA 504 vs. Conventional Loans

WTF Gym Talk

CHAPTER

The SBA Five O Four Loan vs the Conventional Loan

Many small businesses, especially in the microgem industry, that have 20 to 30 % of the down payment of a building. i would not recommend a conventional loan to a microgim owner who will be having to do the down payment on their own or with a business partner. The one thing that blows everybody away is how long it takes just to get the applications for an s b a five o four done. I was broke, absolutely broke with all the odds and the fucked up turns and the things that happen when you go this route.

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