Business Owner Resources
Providing information for entrepreneurs looking to grow a business and succeed.
Getting a Business Loan Doesn’t Have to be Stressful.
Total SBA can help take the stress out of the business financing process by helping you find the right lender from the very beginning. Reach out to talk to us about your finance needs and we’ll get you started on the right path to finding the right loan.
We hope the articles below give you the information you need to make decisions about your business and your financial future.
Finding a business loan & saving time
Working with a loan sourcing expert can provide several benefits for borrowers who are searching for the right lender to meet their financing needs. Here are some of the benefits:
Access to a wider range of lenders: Brokers work with multiple lenders, which means they can provide borrowers with access to a wider range of financing options than they would have if they were searching for lenders on their own.
Expertise in the lending market: Brokers have extensive knowledge of the lending market and can provide guidance to borrowers on the most suitable lenders and loan products for their specific financial situation.
Time-saving: Searching for the right lender can be a time-consuming process. By working with a broker, borrowers can save time and effort by relying on the broker's expertise to identify the right lenders and loan products.
Negotiation power: Brokers often have strong relationships with lenders and can negotiate on behalf of borrowers to secure more favorable loan terms and conditions.
Assistance with the application process: Brokers can assist borrowers with the loan application process, helping to ensure that all necessary documentation is submitted on time and that the application meets the lender's requirements.
Improved chances of approval: Brokers can help borrowers improve their chances of loan approval by providing guidance on how to improve their credit score and financial profile.
Working with Total SBA can help you save time, access a wider range of lenders, benefit from our expertise in the lending market, negotiate better loan terms, receive assistance with the application process, and improve your chances of loan approval. Reach out today to get started.
Buying commercial real estate with a business loan
Small business loans are a popular financing option for entrepreneurs looking to start or expand their businesses. One unique way that small business owners can use their loans is to purchase real estate. In this blog post, we'll explore the benefits and considerations of using a small business loan to buy real estate.
Benefits of using a small business loan to buy real estate
Build equity: Buying real estate with a small business loan can help you build equity in the property. As you make mortgage payments, you are also increasing your ownership stake in the property.
Diversify your assets: Investing in real estate can diversify your business's assets and help protect against market volatility. Unlike stocks and bonds, real estate is a tangible asset that can provide a stable source of income.
Control over the property: Owning the property gives you more control over how it is used and maintained. You can customize the space to suit your business needs, rather than being subject to the limitations of renting.
Potential for passive income: Depending on the type of property you purchase, you may be able to generate rental income from tenants. This can provide an additional source of passive income for your business.
Considerations when using a small business loan to buy real estate
Loan requirements: Small business loans typically have different requirements than traditional mortgages. Total SBA can help ensure that you meet the lender's eligibility criteria and have a solid business plan to demonstrate your ability to repay the loan.
Risk: Real estate can be a risky investment, particularly if you are using a large portion of your business's funds to purchase the property. Total SBA can help you weigh the potential benefits against the potential risks before making a decision.
Expenses: Owning real estate comes with additional expenses, such as property taxes, insurance, maintenance, and repairs. Total SBA can help you factor these expenses into your budget when considering a small business loan to purchase real estate.
Using a small business loan to buy real estate can be a smart investment strategy for entrepreneurs. It can help build equity, diversify your assets, and provide potential for passive income. With careful planning and due diligence, using a small business loan to buy real estate can be a smart investment for your business. Total SBA helps business owners find the right financing to fit their specific needs. Reach out today to see what your options are and continue to build your business the way you dream it.
Get access to a wide range of lenders across the nation and find a loan with the best rate and terms with Total SBA.
Total SBA helps business owners by utilizing our expansive network of lenders across the country to find you the right loan. We’re able to shop the market and bring you options that are more competitive than you would find on your own - saving you time and money. Reach out to talk about your eligibility and get to know the team. With over 100 years of combined lending and banking experience, we can help get your business where you need to go.
Explore your finance options with a small business loan.
