Can you use an SBA loan to fund a construction project? #construction #loans #losangeles

Question for the Day
Can you use an SBA loan to fund a construction project?

A) Yes, you can! It can actually be a really smart move. One way to make it happen is through an SBA loan – you just need to use at least 51% of the space for your own business. Imagine you own the whole building, but you only need a little over half of it. You could in fact rent out that extra 49%.

With more cash available, you could then use that extra money to invest back into your business – maybe buy new equipment, hire more people, or expand your services.

Видео Can you use an SBA loan to fund a construction project? #construction #loans #losangeles канала Powerhouse University