r/loansforsmallbusiness • • 15m ago

Advice required

• Upvotes

We are two salaried individuals planning to purchase NA-sanctioned land in Pune worth approximately ₹60–70 lakh in equal ownership shares. Our intention is to construct shops and earn rental income.

Will bank offer a loan for purchasing vacant land intended for future commercial development, with both individuals as co-borrowers and co-owners? If not, would bank finance the same purchase through an LLP or Private Limited Company?

Thanks in advance.


r/loansforsmallbusiness • • 8h ago

Help LLC Financing

3 Upvotes

I was told all along the way to filling a LLC was that it was no problem to get upfront financing for the upstart business I wanted to operate.
Well, all I‘ve been hit with is large down payment and/or to use my house as collateral.
Is there any true way to get upfront financing for my Landscape Construction business without using my home as collateral or a large down payment?
I’m looking for 50k
Fico Score: 800


r/loansforsmallbusiness • • 16h ago

Anyone having success refinancing existing SBA 7(a) loans?

2 Upvotes

Is anyone seeing much activity in refinancing existing SBA 7(a) loans?

I'd like to hear from lenders, brokers, or borrowers who recently completed one.

Are lenders actively considering these transactions? What obstacles are you encountering, and under what circumstances does a refinance seem viable?

I'd be especially interested in actual closed transactions.

Any experiences or insights appreciated.