Can a storage facility be financed through SBA? I have a client that would like to purchase a self storage near Little Rock, Arkansas for $630,000. He has great credit and can put down up to 15% of purchase price. He is concerned about interest rates due to current economy. My client has asked me to look into whether or not SBA might be an option, if not we will go small balance commercial and refinance when rates drop. I am not familiar with SBA. Is this an option for anyone on this website? Can anyone provide information on this topic?
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