Week 2

SBA Loans

1. 504
2. 7a
3. Microloans
4.  

Seller Financing

1. Seller can finance up to 100%
2. They put the 10% down; Let’s say this is a $500k Project
   1. How this works: Seller will put down the 50,000
   2. You keep $450,000 in your pocket
   3. This allows you to have the upfront cash flow to operate the business
   4. Seller is relieved of Liability
   5. It’s a Win Win! 
3.  

How to Negotiate (What should be on a Seller Note)

1. 10% Down Minimum (Can be 5-7)
2. Interest Free and Payment free for 12 Months.
3. Payments will start at 12-24 months via interested only payments
4. Between 12-24 months you can pay as much or as little as you want beside the PMI
5. With a No Pre-Payment Penalty Clause-
6. If you can get the loan paid off within the 12 months, you just got 12 months of free money and a thriving business.
7.  

Company Cash (My Preferred Method)

1. Company Savings/Equity
2. Use the Stair Steps Method
3. Self Funding Plan-50k
4.  

Partnerships/Join Ventures

1. Grants
2. Conventual/Bank Loans or Credit Union
3. Friends and Family/Crowdfunding
4.