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Best loans for retail business to purchase building or build new?

1,736 Views | 11 Replies | Last: 7 yr ago by GarlandAg2012
wheelskjm
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AG
I'm exploring purchasing the building I'm in or buying property and building on it.

What are the best loans available for someone in my shoes?

I've heard sba is good but high fees...

Any insight would be helpful.
Sooner Born
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Will the loan payment be made in USD or bitcoin?
JustPanda
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AG
Head shot
wheelskjm
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AG
I don't currently plan on using bitcoin in any capacity. But thanks for asking.

Great question to ask I'm sure there's aspiring entrepreneurs that are offering services thru blockchain or other cryptocurrency means.

But that is unrelated to my current post.
BMF_AG95
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AG
There are pros and cons to doing conventional vs sba. Conventional might be better since it could be owner occupied real estate. If you are in Dallas or Houston, you can drop me an email at chuckj 95 at yahoo I'm a banker that works in commercial lending. The best piece of advice I can give without knowing more is talk to a banker that knows sba and conventional.

wheelskjm
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AG
I'm in CO.

Thanks for the input.
BMF_AG95
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AG
Find a good Aggie banker up there. We have an office up there. I could find someone up there to work with you, if you want. Ask around up there and let me know if you want an introduction.
JustPanda
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AG
email address?
wheelskjm
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AG
Username @ gmail
IrishTxAggie
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AG
wheelskjm said:

I'm in CO.

Thanks for the input.


A marijuana grow/dispensary would explain your affinity for Bitcoin...
wheelskjm
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AG
Wouldn't mind joining the fastest growing industry in the country as an entrepreneur. The dispensary owners I've met in my store have been wonderful customers.
JustPanda
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AG
Enjoy the 3+ year wait for the state, county, and local permitting and licensing to go through. I think they are actually closed to new permits IIRC.

Best opportunity: find a LP that needs liquidity and do a partnership buy out.
GarlandAg2012
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Lots of off-base judgement in this thread. Never change, TexAgs.
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