Raising Money for Assisted Living | SBA Loan Strategies Explained скачать в хорошем качестве

Raising Money for Assisted Living | SBA Loan Strategies Explained

In this episode, Brett Chotkevys sits down with Shep Harris, SVP of Live Oak Bank, to explore how to effectively use an SBA loan for building new construction assisted living facilities. They discuss the critical aspects of securing SBA funding and understanding the various factors that impact SBA payments and interest rates. Shep shares insights into what lenders look for in an ideal borrower, including financial strength, relevant experience, and a local presence for first-time projects. Brett emphasizes the importance of building a strong, well-rounded team consisting of a business or real estate expert, a medical professional, and a financial backer, which can make a huge difference in the success of an assisted living project. The episode also covers practical steps for planning and executing a new construction assisted living facility, from developing detailed plans to securing permits, finding a builder, and getting accurate bids. They get into the value of SBA loans for covering soft costs like working capital, interest reserves, and operating expenses during the initial phases. Shep explains strategies for phased expansions and refinancing options to maximize growth potential and cash flow. For those interested in raising money for assisted living and understanding the benefits of SBA-assisted living loans, this episode offers valuable insights and practical advice on financing, planning, and scaling successful projects. #AssistedLiving #SBALoan #BusinessFunding #RealEstateInvesting #SBAAssistedLiving #SeniorCare #InterestRates #ConstructionLoans #RaisingCapital #HealthcareInvesting #LiveOakBank Follow our socials!