SBA Loan for a 10,000ft rental

The Short Term ShopSep 10, 20250m 53s521 viewsScore 75
Regulations & Compliance
intermediate
LLC Structure
Property Managers
Investors
M

Summary

AI-generated

Avery Carl interviews Andrew Llewellyn about using an SBA 504 loan for a 10,000 sq ft rental property. Andrew used an SBA 504 loan to purchase a large rental property, and cautions that it takes about 6-8 months for SBA loans to close.

Key insights

  • Securing an SBA loan can take 6-8 months, a lengthy process, as opposed to 60 days for a residential loan.

Mistakes to avoid

  • Don't assume you'll close in 60 days on an SBA loan; it typically takes longer.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial