When a small business owner wants to buy commercial property for his or her business, there are several financing options to choose from. This probably isn’t news to you, especially if you’ve been reading this blog for a while now. What’s surprising, though, is how often many lenders gloss over (or omit altogether) certain loan options and focus only on ones that are more beneficial for the bank (or non-bank lending institution).

The video below explains what I like to call the “Dirty Little Secret” of small business lending, and it has to do with lenders withholding certain information from their borrowers in order to make more money…to the detriment of the small business owner.

As you can probably tell, the practice of using 7(a) loans for commercial real estate purchases is something that really gets under my skin. It’s really a shame that many small businesses are being saddled with the burden that inevitably comes from these loans, and I hope the above video will help educate small business owners and their advisors so that the right decision can be made when it comes to commercial property financing.

Let me know what you think by leaving a comment below, and be sure to “like” this on Facebook and share the link with someone who ought to know about this “dirty little secret.”

Dedicated to Your Continued Success,

Chris

504experts.com/

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