Getting Your Business or Commercial Loan Approved

On this episode of the Investor Financing Podcast, Beau discussed the detailed ways on how to get your business or commercial loan approved.

Timestamps
[00:22] Understanding the sponsors of the transactions
[00:47] Paint the pictures for the underwriters and the business development officer at the bank
[00:58] What are the types of loans that are riskier to bank’s credit union
[01:04] Knowing the sponsors and the operators and their track record
[01:25] What makes the loan harder to get approved?
[01:44] Importance of getting a feasibility study
[02:02] What makes the loan process easier?
[02:26] Why should you have a business plan, concepts and projections beforehand?
[03:01] Getting a third party professional group to help you on putting your business plan together
[04:24] Know how the deal can be successfully funded
[04:45] There’s a right lender for a particular loan

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#businessloans #commercialloan

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

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