What Is the Difference Between an SBA 504 and an SBA 7(a)?

Investor Financing Podcast

English - March 29, 2024 21:33 - 2 minutes - 2.53 MB - ★★★★★ - 11 ratings
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Previous Episode: What Are the Advantages of an SBA Loan Versus Conventional Loans?

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Question: Hi, Beau. I'm trying to understand the differences between SBA 7(A) and 504 loans to determine which one is more suitable for acquiring a dry cleaning and laundromat business including real estate. The real estate is valued at approximately $1 million and the business at around $500k could you advise on how to structure this deal? Thanks.

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