Can SBA Loans Be Used for Real Estate Investment?
SBA loans cannot be used for businesses in which the primary source of income is real estate investment. In fact, SBA loans can only fund real estate that is owner-occupied, and will be used primarily by the business that is taking out the loan. However, in most cases, a business only needs to oc
New SBA Loan Rules Make It Easier for Borrowers to Acquire Businesses
On January 1st, 2018, the SBA enacted a series of new rules making it easier for individuals to use SBA 7(a) loans to purchase a business. Specifically, the SBA modified its Standard Operating Procedures (SOPs), including SOP 50 10 5(J) , which reduces equity requirements for business acquisiti
Are SBA 7(a) Loans Available for Franchises?
If you have a franchise, can you get funding for it with an SBA 7(a) loan ? The answer is yes; in fact, about 10% of all SBA loans go to franchises. Despite that, not all franchises are available for funding through the SBA.