The U.S. Small Business Administration (SBA) recently approved self-storage businesses for SBA guaranteed financing. Until recently, these types of businesses were only eligible if revenues from other services exceeded rental revenues. Now, that restriction does not apply. Under the new rules, the SBA will allow lenders to make loans up to $5,000,000. Advantages to the borrower are: lower downpayments, longer terms up to 25 years, and higher loan-to-values. BizLoanFunding. |
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CategoriesAnother Done Deal - The DetailsBizLoanFunding.com In The News Community Banks New Loan Approved Self-Storage Businesses Are Now Eligible For SBA Financing We Get RESULTS! 80% APPROVAL RATIO THIS YEAR! |
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