Can I use an SBA 504 or 7a for real estate investing

SBA 7a or 504 - Which Business Loan is Better for My Real Estate Investing Project? In this episode, we talk about the often asked question: Which is better? The SBA 7a or SBA 504 loan? 🙋🏽‍♂️ The answer usually is "it depends." Every loan request is different. In general, the 7a is utilized more than the 504 for a couple different reasons. The 7a is a more liberal loan and has more versatility. If the lender is either a bank, credit union, or a non-bank lender (if a (PLP) Preferred Lending Partner), qualified lenders may be granted delegated authority (PLP) to make credit decisions without SBA review. 📺 Subscribe to this channel - /c/investorfinancingpodcast Then click on the 🔔 to get notified every time we upload a new video! #SBA7a #SBA504 This is huge for timing purposes and flexibility in underwriting. This is also why some 7a lenders are way easier to work with than other lenders. Some 7a lenders will also fund a SBA 7a with a pari passu conventional loan allowing the borrower to get more loan proceeds. Another advantage is the 7a can fund blue sky or intangibles. Intangible assets are often the product of sweat equity and ingenuity in building your business. Historically, when businesses were sold, they would sell for net asset value plus an amount for this “blue sky.” The 7a can fund this blue sky whereas the 504 can only fund hard assets. At the end of the day, every project/request is different and we need to dig in a little before making a decision if the SBA 7a is better than the 504. Sometimes you can even pair a 504 with a companion 7a! 💥 Thanks for watching 💥 _________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending. ✔ Fast quote for your SFR rental portfolio - https://beaueckstein.com/rental ✔ The best online CRE loans - We'll find the right lender in our network so you can close your deal - https://findthebank.com/youtube ✔ Grow your business with a line of credit - http://investorfinancingpodcast.com/uloc ✔ Fix and Flip Loans - https://beaueckstein.com/flip/ ✔ Purchase Money Rental Loans - https://beaueckstein.com/purchase/ ✔ Extended stay rentals - http://investorfinancingpodcast.com/corporate-rentals ✔ Smart Real Estate Coach (Free webinar) - http://investorfinancingpodcast.com/smart-coach-webinar ✔ Book a call with me - https://calendly.com/beaueckstein/15-minute-meeting-ifp 💰 For Fix and Flip Loans, click here - https://beaueckstein.com/flip/ 💰 For Purchase Money Rental Loans, click here - https://beaueckstein.com/purchase/ _________________________________________________________________________________________________ 🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects. About the Channel: Want to structure your investments in the right and secure way? Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein. 🙋🏽‍♂️ Are you a Business Owner? Would you like to save up to 35 percent on your expenses without lifting a finger? There are no upfront costs and if we can't save you money, you don't pay. To learn more, click here -- https://expensesavvy.com/expense-optimization/

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