3 Mistakes Small Business Owners Make
June 9, 2021Why Should a Business Owner Choose SBA Financing for Real Estate
June 9, 2021Looking to purchase a piece of commercial real estate for your small business?
Whether you’re looking to purchase an existing building, build on a piece of property, or remodel an existing business location, there are several things to consider when applying for an SBA real estate loan:
1. The building must be owned and occupied by the small business.
As a small business owner, you must conduct business operations out of the building you purchased using a the small business loan.
2. Investment real estate is not eligible for SBA financing
Small business owners may rent out a portion of the building they purchased with the SBA loan, but a majority of the space must be used for the operation of the small business.