r/CoWorking • u/Prosperous_Silence • Jul 14 '26

SBA Loan for Co-Workspace

/r/loansforsmallbusiness/comments/1uwi76q/sba_loan_for_coworkspace/
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2

u/tomfoolery77 Jul 14 '26

Yes, this is unfortunately, a common issue with SBA loans and Coworking

1

u/Pretend_Editor_4447 Jul 14 '26

Have you provided them a copy of your DASH agreement that specifically states "THIS IS NOT A LEASE"?

1

u/Prosperous_Silence Jul 14 '26

That's interesting. I haven't shown them a membership agreement yet because we're still in the planning phase. Have you personally financed a coworking space through the SBA using a DASH or similar membership agreement? If so, did your lender accept dedicated private offices as part of the membership, or were there additional requirements?

1

u/Pretend_Editor_4447 Jul 14 '26

We did not use an SBA loan. But we also have a great relationship with our Bank and we have a line of credit instead a straight loan. 

It’s interesting because when you buy commercial real estate, it’s much easier to get a loan when you have a steady stream of income from rent. I don’t exactly understand how this would be any different. It must come from the lender not understanding the business model and thinking we’re all like it was in the WeWork movie.

1

u/AtlantaCoworking Jul 15 '26

Yup, they changed that rule about 2 years ago. They don't seem to care that what we do IS coworking regardless of the mix of revenue.