http://bruceonbusinesslending.com/ SBA Lending
Whether you’re looking to purchase an existing building, build on a piece of property, or remodel an existing business location, there are several things to consider when applying for an SBA real estate loan:
1. The building must be owned and occupied by the small business.
As a small business owner, you must conduct business operations out of the building you purchased using a the small business loan.
2. Investment real estate is not eligible for SBA financing
Small business owners may rent out a portion of the building they purchased with the SBA loan, but a majority of the space must be used for the operation of the small business.
About Members Choice Credit Union:
Members Choice Credit Union is a not-for-profit financial institution established in 1941, and proudly serves residents and business owners in West Harris County, Katy, Cy-Fair, and more than 200 Partner Companies. Members Choice has more than 39,000 members and $457 million in assets. As a U.S. Small Business Administration Preferred Lender, MCCU is proud to provide a variety of services for small business owners in the Houston community. To learn more about how Members Choice Credit Union can help you with all of your checking and savings needs, auto and personal loans, credit cards, and home equity loans, visit one of our convenient locations or give us a call today.
Watch our new videos here: http://goo.gl/cKF04Q
For more information contact
Members Choice Credit Union
14960 Park Row Blvd
Houston, TX 77084 United States
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