Changes to the Small Business Administration (SBA) Rules

These are changes that could impact cashflow.The revisions to the SBA rules make it easier for borrowers to meet the 10% equity requirement for loans, allowing seller debt to count towards the full 10% equity injection. Other changes include the acceptance of Home Equity Line of Credit (HELOC) or cash-out refinance of real property as equity, and the simplification of debt refinance. And a newly implemented rule limits loan terms for partner buyouts to 10 years.WHAT TO LISTEN FOR5:18 Use of HELOC and Cash-out Refinance for Equity6:30 Clarification of SBA 7(a) vs. 504 Loans17:40 SBA’s New 10-year Loan Term Limit26:21 REITs Management ApprovalLeave a positive rating for this podcast with one clickCONNECT WITH GUEST ANNE MINOWebsite | LinkedIn | EmailCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram

Om Podcasten

This is the Self-Storage Investing Podcast, where we share the knowledge and skills from the industry’s leading investors, developers, and operators to help you launch and grow your self-storage investing business.  What made them a success? Built their wealth? What was their mindset and mentality as they entered the space and found room for business growth? Led by podcast host Scott Meyers, we have a track record spanning two decades having successfully acquired, converted, developed, and syndicated over 4 1/2 million square feet of self-storage properties nationwide. Discover the secrets to building wealth and creating a thriving business mindset through our insightful episodes with leading experts. We delve into topics such as navigating recessions and market crashes, as well as the lucrative world of real estate investing through self-storage. Join us as we explore strategies, tactics and insider tips that will propel your self-storage investing journey toward prosperity. Get ready to unlock the potential of this lucrative (recession-proof) industry and embark on a path to financial freedom.