How to get free $Money?
Stop. No such thing.
Well, except I think the SBA loan programs are pretty d*mn close.
A thread on OPM from the good ole' US government:
Stop. No such thing.
Well, except I think the SBA loan programs are pretty d*mn close.
A thread on OPM from the good ole' US government:
SBA loans... a quickie 😜
- Can get loans up to 90% of your qualifying biz purchase price
- Govt backs a portion of your loan
- Max usually $5M
- Loots of new benefits during Covid to read up on
- Can get loans up to 90% of your qualifying biz purchase price
- Govt backs a portion of your loan
- Max usually $5M
- Loots of new benefits during Covid to read up on
They're basically copies of what big PE firms do with their partner lending firms.
Assets + Cashflow Potential+ Leverage = PE
Assets + Cashfow Potential + Leverage = SMB buy w/ SBA loans
Assets + Cashflow Potential+ Leverage = PE
Assets + Cashfow Potential + Leverage = SMB buy w/ SBA loans
How to find them?
#1 - I like to look at who does the most transaction value per year
More deals usually equates to not fing around as much
sba.gov/article/2020/m…
#1 - I like to look at who does the most transaction value per year
More deals usually equates to not fing around as much
sba.gov/article/2020/m…
#2 - Use a loan broker
- There are groups that go search for your best loan for you like @multifunding
- They add a cost on top but especially for your 1st deal may be worth it
- There are groups that go search for your best loan for you like @multifunding
- They add a cost on top but especially for your 1st deal may be worth it
DO NOT use a lender that hasn't done SBA before...
- Just MHO but murdered me before in a deal
- Everyone likes to tell you yes, then have you pay to figure it out.
- Just MHO but murdered me before in a deal
- Everyone likes to tell you yes, then have you pay to figure it out.
Listen I'm not trying to say this is all easy, but it is simple
It's not rocket science, it's just work, that pays when done right.
HMU below w/ your SMB Q's
It's not rocket science, it's just work, that pays when done right.
HMU below w/ your SMB Q's
For more threads and breakdowns on:
- Passive income ideas
- Ways to cashflow
- How to buy businesses
Make sure you're following (@codie_sanchez) and stay tuned for more threads daily 👀
- Passive income ideas
- Ways to cashflow
- How to buy businesses
Make sure you're following (@codie_sanchez) and stay tuned for more threads daily 👀
• • •
Missing some Tweet in this thread? You can try to
force a refresh
