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Unlocking Funding Opportunities A Guide to Securing Projection-Based SBA 7a Loans
Buying a startup franchise with $30,000 saved and no extra reserves on a $130,000 project? Beau answers a listener question about what underwriters actually look at on a projection-based SBA 7(a) loan. He covers the SBA's relaxed guidelines for loans under $500,000, how the SBSS credit score and credit history come first, and why projections matter, especially if you keep W-2 income during the startup phase. He also explains how a high-paying job helps as a compensating factor, why low reserves aren't necessarily a deal breaker, and the minimum 10% equity injection you'll need.
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The skinny
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