WTF Gym Talk SBA Lending For Buying Businesses + Buildings w/ Angelo Medici
Nov 13, 2023
Lending expert Angelo Medici discusses SBA lending and the benefits of gym owners maintaining a full-time job. The advantages of SBA loans over traditional loans, main loan products, and the importance of owning real estate for gym businesses are also explored. Understanding financial terms and effective expense management, as well as the possibility of having outstanding debt on an EIDL loan and applying for another SBA loan, are discussed.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Lending to the Fitness Industry
01:39 • 17min
Exploring SBA Loans and Potential Biases Towards Traditional Banks
18:37 • 6min
Main Loan Products and Types
24:17 • 2min
Owning Real Estate for Gym Businesses
26:35 • 23min
Understanding Financial Terms and Effective Expense Management
49:38 • 2min
Discussing Outstanding Debt on EIDL and Applying for Another SBA Loan
51:23 • 4min