• Banking on Self-Storage: A Guide to Smart Financing

  • Jun 17 2024
  • Duración: 33 m
  • Podcast

Banking on Self-Storage: A Guide to Smart Financing Por arte de portada

Banking on Self-Storage: A Guide to Smart Financing

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    What are the banks looking for right now when it comes to loans?

    In this episode, Scott warms up the conversation with proven strategies for securing self-storage loans amidst a challenging economic climate.

    He explains the evolving lending environment, the criteria lenders use to assess loan applications, and provides actionable strategies for presenting strong loan requests.

    Scott emphasizes the importance of having a solid business plan, understanding market conditions, and shopping loan requests to multiple lenders.

    WHAT TO LISTEN FOR
    05:46 - Qualifying for a Loan: Key Criteria
    10:58 - Creating a Compelling Business Plan
    18:38 - Conventional Loans vs. SBA Loans
    27:37 - Improving Profitability and Operations

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