By Garrett Byrd
Terry Campbell with Live Oak Bank recently had a very thorough article covering SBA lending on Radius Plus I suggest you spend some time reviewing it.
Live Oak Bank is one of the Storage Authority's preferred lenders. It is important to lenders that you have experience on your side when you are going through development and leasing up your facility.
The value of our franchise model is the guidance the Storage Authority team provides every step of the way from finding land, getting developed, and running your facility like the Ritz Carlton all while being the locally owned and operated hometown self-storage.
SBA loans are not for everyone but having 10-15% down of the project for the owner's capital injection vs 30-40% down going conventional is worth cutting through the red tape and absorbing the SBA fess for several of our owners.
It wasn't too long ago that all self-storage properties were deemed eligible for SBA loans with the passage of the Small Business Jobs Act of 2010,
If you would like to learn more and start your journey to self-storage ownership click the link here: http://www.storageauthorityfranchise.com/opportunity2
Storage Authority Franchising is about owning your own hometown self-storage business and having the professional systems and knowledge to assist and guide you. We like to say You are in business for yourself but not by yourself. If you are thinking about self-storage you owe it to yourself to contact Garrett Byrd at Direct: 941-909-7222 or Garrett@StorageAuthority.com to learn more about the Storage Authority Franchise opportunity