SCHEDULE A CALL WITH ME 👉🏽 www.theapprovedguy.com/schedule-a-call
@danielasefaw905
4 ай бұрын
“A lot of people’s dreams die in the parking lot of banks” BAR
@andrewelliston478
Жыл бұрын
Is there funding for an Auto Repair Shop. We owned the property.
@theapprovedguy
Жыл бұрын
Hi Andrew, Yes there is! Please schedule a call if you want my help.
@JahmilBlair
Жыл бұрын
Does 7A loans work for upcoming musicians?
@theapprovedguy
Жыл бұрын
SBA would probably not be the right option, but there are other programs I can help you with.
@junkyarddog7003
2 жыл бұрын
I thought SBA required less money down which was the point in going to the SBA in the first place. 🤷🏾♂️
@theapprovedguy
2 жыл бұрын
Typically SBA 7(a) loans and/or 504 loans require 10% down. It can be more or less. Depending on the situation and the bank. I've had clients required to put down 20% and I've also had clients only required 2% to 5%. You have to go through the process and see, but anticipate at least 10% down.
@Thepianobird
2 ай бұрын
If I need a 200 k loan, I need 60 k (30%) in the bank and 20k (10%) down? thats not much of a loan then?????
@theapprovedguy
2 ай бұрын
If you’re a pure startup the deposit will be 20% to 30% with 10% reserves. If it’s a business acquisition or franchise startup it can be 10% down with 10% reserves. If you have 2 years tax returns the deposit can be much less reserves the same, but business performance must be strong..
@Thepianobird
2 ай бұрын
@@theapprovedguy do you have an email or website?
@theapprovedguy
2 ай бұрын
Go to www.sbaexperience.com and schedule a call or submit your request. That is one of my websites.
@allenmiller3352
7 ай бұрын
If I want to buy an existing business, will an SBA get approved based on the business or me personally?
@theapprovedguy
7 ай бұрын
The answer is both.
@MrGwizyadig
2 жыл бұрын
My brother and I are looking to start an RV park business on 15 acres we've already purchased. We plan to live on part of the property and run the business on the larger part of the property. We want to get an SBA loan to get it started. Are we eligible? We will run the business ourselves including maintenance, reservations, customer service, etc. Please advise.
@theapprovedguy
2 жыл бұрын
Happy to help... Can't really help via chat. Will need to discuss. Please schedule a call.
@corinnejohnson5449
2 жыл бұрын
Where can I get some one to help with a business plan?
@malcolmlyles1444
Жыл бұрын
This sounds excellent. Thank you for being open and honest with this information
@theapprovedguy
Жыл бұрын
My pleasure!
@Rubenfeletoa
3 ай бұрын
Can I cross collateralize my residential homes to purchase commercial using the sba 7 loan?
@theapprovedguy
3 ай бұрын
Please schedule a free consultation.
@dennisfloresurrutia7588
Жыл бұрын
I want to purchase a business in Hawaii and is around $120k with my wife. How can I start this process, should I apply first for a 7a loan or talk with the seller and get all the info. I want to learn and be guide in this process.
@theapprovedguy
Жыл бұрын
Hi @dennisfloresurrutia7588 Please start at my SBA website’s get started form. It will lead to schedule a call with me. www.sbaexperience.com/get-started
@edward9
4 ай бұрын
Great website. I scheduled a consult next Thursday. Thanks!
@theapprovedguy
4 ай бұрын
Awesome! Thank you!
@edward9
4 ай бұрын
@@theapprovedguy you’re welcome. Looks like you run a highly functional machine. I appreciate that! I do my best to do the same. Looking forward to meeting you
@1mandrywallarmytv144
4 ай бұрын
so theres no hope for my company then. Drowning in debt interest, need to consolidate the debt as well as need some capital. No money in the bank no hope for the company
@theapprovedguy
4 ай бұрын
How's your credit? SBA is not the only option.
@1mandrywallarmytv144
4 ай бұрын
@@theapprovedguy was 660 4 months ago. Now it is closer to 600 due to credit utilization maxed out.
@theapprovedguy
3 ай бұрын
It's going to be difficult with those scores.
@TosinCKE
2 жыл бұрын
Scheduled a call with you for Friday. I have two companies looking to get Funding for
@theapprovedguy
2 жыл бұрын
I look forward to our call.
@kimberlythomas9264
9 ай бұрын
How do I get a landlord waiver form?!?
@royalbrooks8042
Жыл бұрын
Can you do a video on the new SBA 7(a) loan SOP (Effective Date Aug 1, 2023)?
@theapprovedguy
Жыл бұрын
I can! I will… I didn’t want rush and put it out until all of the banks have a chance to decide how they would or would not implement it. Coming soon!
@robertmartin1807
5 ай бұрын
What is the credit score requirements for a sba 7 loan
@theapprovedguy
5 ай бұрын
It varies depending on the banks. SBA says the threshold is low, but most banks won’t lend with anything less than 680. The question is why is it low? Do you have late payments, charge offs, or collections? Or is it a lack of death and history? Or is it high credit utilization?
@GreyHillzTv
Жыл бұрын
Thank you for your knowledge my brother! 🙏🏾
@aricaa8291
Жыл бұрын
I'm looking into buying an already established rv park. And I have no savings or assets but a greaaat credit score. How do I do this? I will find the 10 to 15 percent down through family or investors.
@aricaa8291
Жыл бұрын
Isent there another loan for sba that co exists with the sba 7. That covers what cost may be needed for fixing or expanding the business.
@theapprovedguy
Жыл бұрын
Hi Arica, I’m happy to assist you on a free consulting call. Please schedule a call calendly.com/sebastienboyer/the-approved-guy-sba-call
@Dinkbe
2 жыл бұрын
Would love to talk to you about options etc. How do i get in contact with you?
@theapprovedguy
2 жыл бұрын
Hi Jonathan, Please book a free consult with me here calendly.com/sebastienboyer/theapprovedguy I look forward to speaking with you! -Seb
@wealthautomations
2 жыл бұрын
Would you consider purchasing a business that’s selling for more than what SBA approved them for? A business I am interested in is SBA approved for 200k but selling for 300k
@theapprovedguy
2 жыл бұрын
Hi James, In my experience SBA lenders typically don't want to lend you more than you need or less than you need. They will want to know how are you going to cover the balance. I'm happy to assist you. If you'd like a free consult, please schedule a call. calendly.com/sebastienboyer/the-approved-guy
@patscott6804
4 ай бұрын
You would need to get a loan to get a loan.
@theapprovedguy
4 ай бұрын
Sometimes that is the solution.
@gracelandpsychiatry3267
Жыл бұрын
How can I schedule an appointment with you to apply for a loan?
@theapprovedguy
Жыл бұрын
Please schedule a call using this link calendly.com/sebastienboyer/theapprovedguy
@worldwideachievers1234
3 жыл бұрын
Great channel. Would like to chat with you concerning SBA loan. New subscriber here 👌
@theapprovedguy
3 жыл бұрын
Hi World Wide Hustlers! Thank you for subscribing and for reaching out. Please schedule a free consultation here calendly.com/sebastienboyer/sba-call I look forward to speaking with you soon!
@worldwideachievers1234
3 жыл бұрын
@@theapprovedguy we spoke Sunday night already. This is Matt. Coffee guy.
@trastoyc1
Жыл бұрын
Your video was very helpful and informative. I'm in North Jersey and I would like to open up a laundromat. I am wondering what the process would be to apply for the 7a loan as equipment will need to be leased or financed etc.
@theapprovedguy
Жыл бұрын
I’m happy to help! Please submit my app to get started on www.SBA experience.com it will then lead you o schedule a call to discuss. I look forward to our call.
@theapprovedguy
Жыл бұрын
www.theapprovedguy.com/schedule-a-call
@UltimateAldean
Жыл бұрын
What if you've been running a sole proprietorship for 10 years in one field, but want out of that field, and are looking to purchase a profitable 10+ year-old business in a totally different industry? Does your resume make or break a deal?
@theapprovedguy
Жыл бұрын
It can depending on the bank/lender. They will look at all aspects of the loan and determine if there is enough strength overall for it to make sense.
@theapprovedguy
Жыл бұрын
GET STARTED (No Credit Pull) www.sbaexperience.com/get-started SCHEDULE A FREE CONSULTATION calendly.com/sebastienboyer/sba-call
@jnisey7415
2 жыл бұрын
Hey I’m trying to get into the Airbnb business will the 7A loan be best for me ?
@theapprovedguy
2 жыл бұрын
Hi Janine’s, Unfortunately, no SBA 7(a) or 504 can’t be used to purchase any residential property. They can only be used to purchase commercial property and even then, you would have to occupy at least 51% of the property yourself with your own business. I do have other funding programs I can help you with for real estate investing. Please feel free to reach out or schedule a call. Thanks for watching and posting your question!
@jagdishdave3671
3 жыл бұрын
Does 7 Eleven illegible for this kind of loan?
@theapprovedguy
3 жыл бұрын
Hi Jagdish, Yes! I can get you approved. Please schedule a call to discuss calendly.com/sebastienboyer/theapprovedguy
@Entertainwithrikki
4 ай бұрын
Do you offer coaching?
@theapprovedguy
4 ай бұрын
Hi, Yes I do. We can start with a free consultation. Please schedule here….. calendly.com/sebastienboyer/sba-experience-intro-call
@sterecords5108
2 жыл бұрын
Does entertainment company qualify ?
@theapprovedguy
2 жыл бұрын
Yes, it can! Feel free to schedule a call.
@aloneinfiction4101
Жыл бұрын
I just need 20/30k
@theapprovedguy
Жыл бұрын
Please schedule a call or submit my business funding assessment application www.theapprovedguy.com I cal most likely deliver that for you unsecured.
@kaatto2121
2 жыл бұрын
What would you recommend for someone who’s business just started (8 months) , 750 credit score, and 40k cash on hand , the probability of getting a loan to buy a semi truck (about 120k )?
@theapprovedguy
2 жыл бұрын
Hey Oso, That questions deserves a one-on-one. You should book a call!
@Theroyalminister
Жыл бұрын
You can get a loan easily.
@mookie474
2 жыл бұрын
Do you work with Disabled Veterans? Can you do a video for veterans who would like to apply for the SBA 7 (a) start up loan?
@theapprovedguy
2 жыл бұрын
Hi Mone, Everything is the same. The banks may waive certain packaging fees for veterans which will save you money in the closing process.
@michaelcortez1215
Жыл бұрын
I currently own & operate a food truck business in Michigan. I have found a vacant 1,100 sq restaurant that is fully equipped & up for sale. I'm interested in purchasing the property to scale my current food truck business. Any additional information regarding a SBA loan is greatly appreciated.
@eduardoplascencia9451
Жыл бұрын
Im in a very very similar boat! We have a taco shop right now and want to open a new one in a place that just shut down. Did you have any success?
@akia.summers948
2 жыл бұрын
Do you work with Trustmark Bank?
@theapprovedguy
2 жыл бұрын
Hi Aki, I'm not currently working with them. I work with many other banks that are actively funding my clients.
@nickmarks1206
Жыл бұрын
I want to purchase a long established profitable business. With an SBA loan do they still require personal tax returns or only the business tax returns I’m buying? Asking because it’s actually going to be put in my girlfriend/common law Wife’s name and she only has reported taxes of 20k per year. The business we want to buy would be in the 100k-150k range.
@theapprovedguy
Жыл бұрын
Hi Nick, They will be looking closely at anyone that is 21% or more owner. They are required to be a guarantor. They will be looking at both personal and/or business returns and financials of the guarantors. They will also look at the returns from the seller to determine if the business is a good investment.
@nickmarks1206
Жыл бұрын
@@theapprovedguy the seller personal Tex returns are required too or just the business tax returns? Also, with only 20k reported personal income taxes, what can she qualify for? Have you ever got someone approved for an FHA loan with low income tax returns?
@nickmarks1206
Жыл бұрын
@@theapprovedguy Did you get my last message? Just wanted to confirm thanks
@theapprovedguy
Жыл бұрын
Just the sellers business tax returns.
@theapprovedguy
Жыл бұрын
Please schedule a free consultation if you would like my help. calendly.com/sebastienboyer/the-approved-guy-sba-call
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