How to Get an SBA Loan (Everything You Need to know) | Ep #10 ZTPF

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Tariq Johnson

Tariq Johnson

Күн бұрын

Getting an SBA loan approved can be a tricky process especially if it's your first time doing it. On this Episode of Zero to Profitable Franchise, we talk to Glenn Giro a VP and SBA Loan expert with Huntington Bank. All day every, all Glenn does is help his clients secure SBA Loans. He explains the basics of SBA Loans, along with who can get an SBA loan, and how you can use it to fund your business. This is an episode you MUST watch if you want to know how you can use SBA loans to get your business funded!
✅ You can reach Glenn at Glenn.Giro@huntington.com Tell him you saw him on this podcast!
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#franchise #franchisebusiness #sba #sbaloan #profitablefranchise #buyafranchise #funding
CHAPTERS:
0:00 - Introduction to SBA Loans
1:05 - SBA Loans Explained
2:57 - Huntington Bank SBA Financing
8:02 - Understanding SBA Loan Basics
11:15 - Eligibility for SBA Loans
14:03 - Seller Financing Overview
18:28 - Franchise Financing with SBA Loans
20:51 - Contacting Andy for SBA Advice
21:40 - Conclusion of SBA Loan Guide
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Пікірлер: 252
@sanfs143
@sanfs143 3 күн бұрын
I need to contact this man for my SBA loan. I listened to a lot of other people. By far, this man make the most sense to me. I would love to work with him
@lanejones
@lanejones Жыл бұрын
I enjoyed this video. So many bankers, slough off SBA loans. Glenn is a special banker representing a great bank for SBA Loans.
@GatorBall
@GatorBall 2 жыл бұрын
This is great content and right on time. Thanks Tariq and Glenn.
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Our pleasure! Glad it's helpful for you Bobb.
@susylopez3696
@susylopez3696 2 жыл бұрын
Awesome content from the lender himself...Thank you it was an awesome video with so much helpful information
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Glad you enjoyed it!
@janay173
@janay173 2 жыл бұрын
Great content ! Looking to expand my current businesses. This information filled in a lot of blanks. Thank you!
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Glad it was helpful!
@diamondvideos1061
@diamondvideos1061 10 ай бұрын
I found Glen from this podcast. We are at the last stages of a challenging process. Glad has been fantastic!
@TariqJohnson
@TariqJohnson 10 ай бұрын
Awesome Mitch! Glenn is first class for sure.
@SigningWithOmar
@SigningWithOmar Жыл бұрын
Thank you for the video and thanks for introducing Glenn Giro.
@TariqJohnson
@TariqJohnson Жыл бұрын
Our pleasure!
@belluuugaaa492
@belluuugaaa492 Жыл бұрын
I just fond this channel. Great information. Your channel should be bigger with the amount of gold level info you give. Keep up the good work.
@TariqJohnson
@TariqJohnson 6 ай бұрын
Thanks for that. I’m working on it! Hopefully soon.
@germainegoldsmith8755
@germainegoldsmith8755 Жыл бұрын
Nice information. Your videos & inspiration gives me hope. . Continue to uplift, & bless others with your amazing knowledge, sir
@TariqJohnson
@TariqJohnson Жыл бұрын
You made my day! Thank you 😁
@worldwideachievers1234
@worldwideachievers1234 2 жыл бұрын
Hey Tariq. Great video. My partners and I are in the market for a SBA loan. Appreciate this interview with Glenn. My partners and I are reaching out to him. Thanks and keep up the great work.
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Excellent, good luck with the process!
@Fbermudez11
@Fbermudez11 Жыл бұрын
I'm glad I found this video very informative, time to get started on my business plan
@TariqJohnson
@TariqJohnson Жыл бұрын
You got this!
@spiritual_home_for_artists
@spiritual_home_for_artists 2 жыл бұрын
Hello! 13 minutes in and will definitely be reaching out to Glenn regarding an SBA loan and I’m in Nashville Tennessee! :)
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Awesome!
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
Are you able to secure your grants funding application assistance yet??
@VICKIECARPENTER-zr1pt
@VICKIECARPENTER-zr1pt 5 күн бұрын
Great information thank you for sharing!🙂🤩
@TariqJohnson
@TariqJohnson 4 күн бұрын
Glad it was helpful!
@KimH007
@KimH007 2 жыл бұрын
Great information 👍🏿
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Thanks Kim!
@tiahardy3600
@tiahardy3600 Жыл бұрын
Love this'' Vlog" Thank you T.. I had 0 Faith in the SBA from last Year.. It was a Nightmare... I never received a the Grant" I was Approved' for.. And mu Business Expired so then i was Denied" actually from" my business expiring' after waiting a whole Year" to receive funding.. Just a Nightmare... but am so happy to hear that there are Consultant's that can help' the New Businesses.... Hopefully some businesses can be reestablished' with out all the high fee's.. My New fees are $1024 to reestablish way out of my buget' but am praying for small business owners...
@TariqJohnson
@TariqJohnson Жыл бұрын
Ah, that doesn’t sound fun.
@robbieoden4983
@robbieoden4983 Жыл бұрын
Can’t you create another business
@VincentButlerD1Kennels
@VincentButlerD1Kennels Жыл бұрын
omg ive had the exact same experience....the worst experience
@shen6088
@shen6088 9 ай бұрын
Thanks for this presentation. Very helpful.
@TariqJohnson
@TariqJohnson 7 ай бұрын
Glad it was helpful!
@jonport_
@jonport_ 2 жыл бұрын
Bro this is amazing. I have an SBA horror story. I went to buy a company to expand my pool company And it drug on for about six months and come to the end tell us that we could get to financing for ridiculous reasons. Basically we went through a local bank who was unqualified to give us an SBA. Great job looks like Glenn knows what he’s doing. I’m about to buy another company either the end of this year next year so I’ll definitely be get in touch with him
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
Are you able to secure your grants funding application assistance yet???
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
Where are you originally from??
@jonport_
@jonport_ 2 жыл бұрын
I do t believe so. Indiana.
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
@@jonport_ 325
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
@@jonport_ 261
@alexandervalladares2501
@alexandervalladares2501 7 ай бұрын
Great Interview Tariq... Congrats on your channel.
@TariqJohnson
@TariqJohnson 7 ай бұрын
Much appreciated!
@AutumnSupplyCompany
@AutumnSupplyCompany Жыл бұрын
Very informative, great discussion. I just texted Glenn, so let me say thank you.
@TariqJohnson
@TariqJohnson 7 ай бұрын
Awesome, my pleasure.
@SLINGCHIRO
@SLINGCHIRO 2 ай бұрын
Really good info! Explains a lot especially when you don't know where to start
@TariqJohnson
@TariqJohnson 2 ай бұрын
Glad it was helpful!
@alishaangel9784
@alishaangel9784 2 жыл бұрын
Great information
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Glad you liked it!
@ezekielwilliams2763
@ezekielwilliams2763 11 ай бұрын
This was great!
@TariqJohnson
@TariqJohnson 11 ай бұрын
Boom! Glad you enjoyed it.
@nathanielcormier4930
@nathanielcormier4930 2 жыл бұрын
Nice information
@TariqJohnson
@TariqJohnson Жыл бұрын
Thanks!
@mrsmjporter
@mrsmjporter 8 ай бұрын
It sounds like we are one of those categories. We expanded last year, but couldn’t get loans. Would could only get credit, and now have high interest. I’m not sure if I list as debt consolidation or expansion now or if that affects our qualification.
@ne8214
@ne8214 2 ай бұрын
Thank u for this!
@TariqJohnson
@TariqJohnson 2 ай бұрын
Our pleasure!
@patriciabrazier7730
@patriciabrazier7730 Жыл бұрын
Thank you great stuff
@TariqJohnson
@TariqJohnson Жыл бұрын
You’re welcome!
@Drizzelbuddy
@Drizzelbuddy 2 жыл бұрын
Hi Tariq,. Could you make a video of the step by step processes involved from nothing to running a business, such as what are the chronological steps you have to take for the business to be up and running, because I am very confused!
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Hey Jashan, I’ve done a video like that in the past that is franchise specific : How to Buy A Franchise [2022] EASY 9 Step Guide kzbin.info/www/bejne/pXWaenyOlq15qck
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
Are you able to secure your grants funding application assistance yet
@TariqJohnson
@TariqJohnson 2 жыл бұрын
What SBA Loan questions do you have? You can reach Glenn at Glenn.Giro@huntington.com . Tell him you saw him on this podcast!
@gonzo19211
@gonzo19211 Жыл бұрын
Tariq, thank you for all the information you provide. I have a company that invests in oil and gas wells/water, etc and am looking for capital. It doesn't sound like I could qualify based on the type of business I am in. Any thoughts? Thank you again for all of your info. Would love to purchase a franchise for cash flow. Trying to learn about this as much as possible.
@TariqJohnson
@TariqJohnson 7 ай бұрын
I don’t think you can use an SBA loan for an investment, only to start or acquire a business.
@imranallifi
@imranallifi 3 ай бұрын
Good stuff! Never try to bookkeeping on your own. I’ve tried this and almost destroyed my businesses.
@TariqJohnson
@TariqJohnson 2 ай бұрын
Spot on.
@tylervelocity
@tylervelocity Жыл бұрын
Great info, Im looking to get funded by VC or investment bankers to purchase commercial property to build a franchise on.
@TariqJohnson
@TariqJohnson 7 ай бұрын
Nice!
@andrezaal3843
@andrezaal3843 Жыл бұрын
Well done guys
@TariqJohnson
@TariqJohnson Жыл бұрын
Thanks!
@RapticGaming
@RapticGaming 2 жыл бұрын
I’ll give Huntington bank a call tomorrow. I went on their website and they have a list of loan officers and showed the states that they are in but I didn’t see California which is the state I plan on buying the franchise in. They claim to be #1 SBA Lender in the Nation. So I’d assume they do it in all states right?
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Just email Glenn directly. They are nationwide for SBA loans. Glenn.Giro@huntington.com
@shakebackllc9905
@shakebackllc9905 2 жыл бұрын
@@TariqJohnson thanks so much for your knowledge... I'm sure Glenn New office in Nashville and nationally could use my pressure washing services right 😅, peace.
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
Where are you originally from??
@shen6088
@shen6088 9 ай бұрын
So if a General Contractor/developer to build single family homes can't get an sba loan. Although I am a small business and could use a working capital loan or a line of credit for small jobs.
@reginacameron3011
@reginacameron3011 Жыл бұрын
I have a great SBG rep I would not change her for anything. She goes over my business plan its taking me about 2 years still working on the BP. I also worked on my credit the whole time.
@TariqJohnson
@TariqJohnson Жыл бұрын
That's great!
@toreyjohnson
@toreyjohnson 4 ай бұрын
Were you able to get a SBA LOAN?
@jfsbtx
@jfsbtx 3 ай бұрын
Amazing Video...
@TariqJohnson
@TariqJohnson 2 ай бұрын
Glad you liked it!
@sonyhuu5598
@sonyhuu5598 8 ай бұрын
do i have to be employed in order to take out SBA 7 a loan for a hairsalon?
@SymphonyScavarda
@SymphonyScavarda Жыл бұрын
This is great info. Cab I apply for an SBA loan to acquire a land and build a gas station/franchise gas station?
@TariqJohnson
@TariqJohnson Жыл бұрын
Generally speaking, yes.
@atomsmovie
@atomsmovie Жыл бұрын
I have $100k from penny stocks and crypto. No other assets. Can I get an SBA loan to buy a business?
@trashyourjunkllcjunkremova6251
@trashyourjunkllcjunkremova6251 Жыл бұрын
So when considering an SBA loan, which we currently are to expand, do you just go to your local Huntington Bank? Or does Glen work with small business applications from all over?
@TariqJohnson
@TariqJohnson 7 ай бұрын
Glenn works all over.
@BudMan64
@BudMan64 Жыл бұрын
I have been wanting to open a business but would need a lot of help with finances.
@TariqJohnson
@TariqJohnson Жыл бұрын
Start small.
@TruthStoryLies
@TruthStoryLies Жыл бұрын
For properties, should you get an SBA loan or utilize a lower percentage for your second home? (Airbnb question). Also, considering the guy you’re questioning, it seems he only offers funding for commercial real estate instead of those looking to risk it in airbnbs.
@TariqJohnson
@TariqJohnson Жыл бұрын
I don’t think you can buy airbnbs with an SBA loan.
@gladysbin9174
@gladysbin9174 Жыл бұрын
Good information
@TariqJohnson
@TariqJohnson 7 ай бұрын
thanks!
@torobands8730
@torobands8730 11 ай бұрын
Im ready to start im willing to sacrifice everything for this what steps i see it doesn’t matter if its 12 months or 6 months i see this clearly
@TariqJohnson
@TariqJohnson 10 ай бұрын
Good luck!
@sebastianvelez7528
@sebastianvelez7528 11 ай бұрын
Hello !! I would like to start a new business and use a SBA loan as a funding option. In the case I want to expand the business in the future, can I request for another SBA loan ? How many times can a business owner apply for those loans ? Great podcast, thank you.
@TariqJohnson
@TariqJohnson 9 ай бұрын
I don't think there is a limit- but don't quote me on that.
@shepherdsfleetservicesllc8147
@shepherdsfleetservicesllc8147 Жыл бұрын
I am scared I won't get SBA loan. If I don't get approved we end up going under. I got credit in low 500's and been LLC since Aug 31 2022. Service truck I use falling apart. And equipment and inventory causing us have to turn away some of work.
@TariqJohnson
@TariqJohnson 7 ай бұрын
You need at least 675 credit score to get an SBA loan. Gotta get that credit up man!!
@nucommer
@nucommer Жыл бұрын
Hey think you can help me or give me advice on what to do about an approved loan that was always approved but never funded in over three years. Now they say they canceled it.
@TariqJohnson
@TariqJohnson Жыл бұрын
Have you reached out Glenn?
@Brianf1977
@Brianf1977 Жыл бұрын
Cash is always the roadblock, 20 down and 50 in the bank is not really easy for the average person
@TariqJohnson
@TariqJohnson Жыл бұрын
I get it. It took me 9 years from when I first started looking at franchising, until I bought my first one. I believe in you buddy. You can do this. 👊🏾
@nate2091
@nate2091 Жыл бұрын
If you have a bankruptcy on your credit report from 6 years ago do you half to keep waiting to get an SBA loan until it falls off?
@TariqJohnson
@TariqJohnson Жыл бұрын
I’m not sure, that’s a question for SBA lenders.
@docimma
@docimma Ай бұрын
After receiving preapproval from Ready Capital, the process has stalled. Could Huntington assist me? Quality candidate w MD/MBA and collateral. Startup low volume.
@TariqJohnson
@TariqJohnson Ай бұрын
Possibly, reach out!
@davegaltman3067
@davegaltman3067 Жыл бұрын
Tariq, I am looking at purchasing a franchise. The franchise I am looking to buy said that I need approx. 150K to start this would cover about 3 months of being in business. I know that it will take much longer than 3 months. How much can you apply for? Can you purchase the real estate with the SBA? Who can I talk to about this?
@TariqJohnson
@TariqJohnson Жыл бұрын
You should reach out to Glenn.
@bobbyth1
@bobbyth1 Жыл бұрын
I’m looking for SBA loan to buy commercial property and I’ve been in the business for over 15 years San Diego California
@tello.pallets
@tello.pallets Жыл бұрын
Important question: In order to qualify for these does it need to be under a corporation?
@Fletch6
@Fletch6 Жыл бұрын
No
@Yafelme
@Yafelme 3 ай бұрын
Thanks!
@TariqJohnson
@TariqJohnson 3 ай бұрын
You bet!
@mumamumenufuaboloh3449
@mumamumenufuaboloh3449 2 ай бұрын
I’m new on this channel and I would be looking to tap in while building my business though I would love to get some income coming in from the company
@TariqJohnson
@TariqJohnson 2 ай бұрын
Nice
@daverobau9656
@daverobau9656 Жыл бұрын
Does the SBA require the borrower to use their home as a personal guarantee?
@TariqJohnson
@TariqJohnson 7 ай бұрын
Many times, yes- but it just depends on your financial situation. You must have collateral to get the loan.
@earllombardo7640
@earllombardo7640 Жыл бұрын
So how would i apply for a SBA backed loan if the the owner of possible business being bought wants to see proof of funds first?
@TariqJohnson
@TariqJohnson Жыл бұрын
Provide a pre approval letter for the loan amount and show proof of funds for the down payment you’ll need. Typically 10% down is required.
@brandonford4474
@brandonford4474 Жыл бұрын
Requirements 24:00
@TariqJohnson
@TariqJohnson 7 ай бұрын
👌
@alexm5632
@alexm5632 20 күн бұрын
Can Canadian citizen, with E-2 visa get SBA loan?
@drsingingeagle
@drsingingeagle Жыл бұрын
- I like this guy. He wiggles almost as much as I do.
@TariqJohnson
@TariqJohnson Жыл бұрын
My money don't jiggle jiggle.
@-werv-248
@-werv-248 2 жыл бұрын
Is it ok to write a business plan in the bullet point format
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Probably not. There are a lot of business plan templates for free online.
@Gabeqloque
@Gabeqloque 2 ай бұрын
Got a question. I am a business owner of a construction company and got the financials. I can’t get an sba loan to buy land, build houses , and sell ?
@TariqJohnson
@TariqJohnson 2 ай бұрын
I'm not sure about that one- that would be a good question for Glenn
@josephkhan2860
@josephkhan2860 5 ай бұрын
My wife and I are trying to start the Cargo Van hauling business, but I need funds to start buying equipment and Caro van, including LLC,Website, and advertising material.including commercial business and LLC Insurance. Advise and help with tip. What do I need to start applying
@TariqJohnson
@TariqJohnson 5 ай бұрын
Talk to a business banker at your bank and watch this video on funding. kzbin.info/www/bejne/jILLn3qCqq13itUsi=JiB5OG4qRDocb6hh
@sheezspoiled78
@sheezspoiled78 Жыл бұрын
What qualifications do you have to have in order to get approved for the loan
@TariqJohnson
@TariqJohnson Жыл бұрын
I think typically at least 675 credit score, and 20% down.
@dwayneperkins4725
@dwayneperkins4725 Жыл бұрын
The SBA 504 Loan is a better product for projects that include real estate. This loan is strictly for fixed assets based projects.
@TariqJohnson
@TariqJohnson 7 ай бұрын
Thanks for the tip!
@dannyrosario5120
@dannyrosario5120 Жыл бұрын
Hi can you help me with my sba 7A Process
@dgballin21
@dgballin21 2 ай бұрын
Are these loans ever made without a personal guarantor? Last thing I want is to take a shot in a small business, have the business fail since more than 50% do, and then have the creditor come after my personal assets bc I’m a personal guarantor. If the Sba already covers the loan why also come after the owners personal finance?
@TariqJohnson
@TariqJohnson 2 ай бұрын
Not usually. Most require a PG.
@annejames5620
@annejames5620 Жыл бұрын
I got an sba loan that got returned because my bank account was closed...I have yet to get that money... how would I go about getting it back? Any suggestions?
@TariqJohnson
@TariqJohnson Жыл бұрын
Are you sure it was an SBA loan? Sounds like PPP or ERC.
@BertitoPerez1
@BertitoPerez1 2 жыл бұрын
Great info I would like to grow my trucking company, i have a lease on a truck is there any way i can get help to grow???
@TariqJohnson
@TariqJohnson 2 жыл бұрын
Reach out to Glenn and ask! Glenn.Giro@huntington.com
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
Are you able to secure your grants funding application assistance yet??
@justinakkerman9196
@justinakkerman9196 11 ай бұрын
I wonder how much of this is still relevant in July 2023.
@TariqJohnson
@TariqJohnson 9 ай бұрын
All of it.
@adrianmountainmansr.9787
@adrianmountainmansr.9787 3 ай бұрын
Does this information still apply with higher interest rates? Are banks still willing to loan?
@TariqJohnson
@TariqJohnson 3 ай бұрын
Yessir
@annettelopez9899
@annettelopez9899 5 ай бұрын
Hello, Do you know if SBA will assist in starting ATM business ?
@TariqJohnson
@TariqJohnson 5 ай бұрын
Not sure
@0690supermoto
@0690supermoto 2 жыл бұрын
How can I speak to this guy? My SBA loan was approved in September 2020 and I still haven't gotten my money!!! I'm so pissed about this!! I've lost alot because of this..my business was starting to grow and because of the SBA sandbagging my disbursement for 2 years I've lost almost everything in business!! I call the sba and keep getting the line.
@TariqJohnson
@TariqJohnson 2 жыл бұрын
His email is in the description. Glenn.Giro@huntington.com
@chawanneburn5996
@chawanneburn5996 2 жыл бұрын
Are you able to secure your grants funding application assistance yet??
@tiahardy3600
@tiahardy3600 Жыл бұрын
They were a Nightmare last year" I waited a whole year to receive the Grant" till my Business Expired" they Denied" me on an expired" License with in a week" But took a year waiting for the Grant" Awful
@donwalton2578
@donwalton2578 6 ай бұрын
Hi Tariq, I have a question if i may ask you. Could i get an SBA loan to buy an existing laundromat or car wash if I've never owned one now or before?
@TariqJohnson
@TariqJohnson 6 ай бұрын
Yep
@donwalton2578
@donwalton2578 6 ай бұрын
@TariqJohnson Thank you Sir.
@jamariquai01
@jamariquai01 Жыл бұрын
Hello. I'm a truck driver. And I just started my own company. RHO-Trucking. I'm looking for grants or a loan. Is a SBA loan, good for truck drivers and how would it benefit me, to help get my 1st truck and supplies.
@TariqJohnson
@TariqJohnson 7 ай бұрын
I think an SBA loan can help anyone who qualifies and needs capital. Whether it’s the best option for you, I don’t know or have info for that.
@jamariquai01
@jamariquai01 7 ай бұрын
@TariqJohnson I applied. But didn't get approved.
@jensax
@jensax 5 ай бұрын
Hello, is Glenn still working for Huntington Bank??
@TariqJohnson
@TariqJohnson 5 ай бұрын
Yes
@antoniao7439
@antoniao7439 6 ай бұрын
How do you choose a lender from all the ones you’re sent?
@TariqJohnson
@TariqJohnson 6 ай бұрын
1. Determine what's most important to you in the lender. 2. Review all terms, the company, options, etc. 3. Decide based on what's important to you and all the terms.
@antoniao7439
@antoniao7439 5 ай бұрын
Thanks so much for the response @@TariqJohnson
@black12212
@black12212 8 ай бұрын
The email address you provided for Glenn doesnt work.
@TariqJohnson
@TariqJohnson 8 ай бұрын
Works for me. If you copy and pasted the (.) from the end, remove it.
@OzzyMtz
@OzzyMtz 11 ай бұрын
75% of the Loan & 50% On Lines Of Credit Good 👍
@TariqJohnson
@TariqJohnson 11 ай бұрын
👌
@mickaelisrael5214
@mickaelisrael5214 Жыл бұрын
I want to know can I get a SBA loan I have over 700 credit score my business been in existence since 2021. I don’t have the capital how can I get the loan?
@TariqJohnson
@TariqJohnson 7 ай бұрын
Reach out to an SBA lender and apply. If that doesn't work, you can apply for conventional business loans or lines of credit.
@shutdowncheer4533
@shutdowncheer4533 4 ай бұрын
Hello … is it true that the SBA is providing instant loan approval if you qualify on 500k or less
@TariqJohnson
@TariqJohnson 4 ай бұрын
I haven’t heard of that.
@Rags2Riches762
@Rags2Riches762 Ай бұрын
Okay Tariq, I get it bud.....I'll go check out your friggin business acquisition channel, but can ya let the guy talk about the ins and outs of SB-FRIGGIN-A LOANS!!! Jeez, feels like I'm just watchin a timeshare present of how to buy a damn franchise! Respectfully of course.....
@TariqJohnson
@TariqJohnson Ай бұрын
Oh man. I appreciate you throwing in the respectfully part. We've had a lot of really great feedback on this podcast interview. The audience I serve is franchise buyers and franchisees, so that's what the conversation was primarily tailored around. I thought we diversified it well into business acquisitions too, which is not an area we serve in my business. We only help with franchise resale acquisitions. Either way, all the best to you.
@Rags2Riches762
@Rags2Riches762 Ай бұрын
@TariqJohnson Okay, you got me. I was being a bit of a jerk. I appreciate your professionalism. Honestly I'm just a little frustrated because I'm trying to break into the entrepreneural life (if that's a word) and with all my research I can't seem to see a clear path forward. (Don't mean to turn you into dr phil) But everytime I find someone successful make a video on one model, there's another saying the model is no longer viable. I swear it's like looking for a needle in a haystack. I like the idea of buying a franchise, but im a career inventory control/retail asset protection guy and it just seems like the "brick and mortar" path would be more headaches...like tracking inventory using software, training associates, having a reliable supplier and a good buy-back program, also having to deal with all the fraud that will happen. Sorry to talk your ear/eyes off...I just want to escape the matrix and be successful for my family.
@TariqJohnson
@TariqJohnson 26 күн бұрын
I totally get it man. I shared your frustration. After trying and failing at 9 different businesses. I grew frustrated and skeptical at all the people touting their get rich quick schemes. For me personally, franchising was the stepping stone I needed at the time, because I need something more legit and proven, and it got me out of my own way of overthinking and getting stuck. My dream business was to always be a youtuber and have an online business helping people. Franchising helped me to get where I wanted to be, so I'm a little biased. I'd recommend you watch this masterclass training I did (free) I dive into my story, and how I made the transition and some of the ways to buy a franchise that most people don't talk about. www.franchiseempire.com/masterclass
@SigningWithOmar
@SigningWithOmar Жыл бұрын
Do you consult on SBA loans?
@TariqJohnson
@TariqJohnson Жыл бұрын
I’m assuming you meant Glenn?
@SigningWithOmar
@SigningWithOmar Жыл бұрын
@@TariqJohnson yes
@williamjverhagen
@williamjverhagen 9 ай бұрын
I am looking at buying a business. They will hold a note for 300k 5 years @7% They want 300k cash. Is an SBA under the cash category ?
@TariqJohnson
@TariqJohnson 9 ай бұрын
No, but it would get them the other $300k paid up front. SBA process will take 60-90 days to close.
@jamespittman3129
@jamespittman3129 2 ай бұрын
It May be great content, however I cannot get a SBA loan because I have no personal credit at all! The 3 major credit bureaus refuse to report any payments I make unless I pay them for their programs to report my payments! Does this sound like fraud to anyone else?
@TariqJohnson
@TariqJohnson 2 ай бұрын
That’s weird, I’ve never heard of that.
@WilliamGraham-pf8yb
@WilliamGraham-pf8yb 4 ай бұрын
Need to make initiatives with road block free vision for my business development
@TariqJohnson
@TariqJohnson 4 ай бұрын
Not fully sure what that all meant to be honest.
@isactucker3788
@isactucker3788 4 ай бұрын
what about veterans Express SBA loans.
@TariqJohnson
@TariqJohnson 4 ай бұрын
What about them? Meaning why didn't we cover it, or you have questions about it?
@TheWilliamsFamilyadventures
@TheWilliamsFamilyadventures 7 ай бұрын
Glen email is no longer working is it another way to contact him?
@TariqJohnson
@TariqJohnson 7 ай бұрын
I email with him weekly. It works just fine. Glenn.Giro@huntington.com
@relentlessventures4951
@relentlessventures4951 3 ай бұрын
How about if you have a felony?
@TariqJohnson
@TariqJohnson 3 ай бұрын
I'm not sure about that, google it.
@francisboker4007
@francisboker4007 Жыл бұрын
I need to get my trucking business off the ground, and I need help raising $20k. It is a startup, no revenue but already have EIN, USDOT, MC. and D&B numbers. Is there any way I can get a loan of $20k?
@TariqJohnson
@TariqJohnson Жыл бұрын
Probably just an unsecured loan.
@elenaalim3966
@elenaalim3966 9 ай бұрын
Sir iwant that
@Mav0585
@Mav0585 2 жыл бұрын
$5million max include commercial real estate too?
@TariqJohnson
@TariqJohnson 2 жыл бұрын
I’m not sure, that’s a good question for Glenn.
@ahrayaahla1
@ahrayaahla1 2 жыл бұрын
www.cognitoforms.com/GoKapitalInc/businessloanapplication?entry=%7B%22SalesAgent%22:%22Sincerebizfunding.com%22,%22SalesAgentId%22:%2225338%22%7D
@blacca537
@blacca537 Жыл бұрын
"kinda/of" is his "um" ...anyone do the count?
@TariqJohnson
@TariqJohnson Жыл бұрын
734,937.
@D.hodge87
@D.hodge87 4 ай бұрын
I’m currently looking into the SBA process to buy a business, should I send a Loi and an offer before I apply for financing or after it’s been secured
@TariqJohnson
@TariqJohnson 4 ай бұрын
You can go either way,. You can't fully apply until you have a signed purchased agreement, before that it's just a soft pre approval.
@jtstaten5362
@jtstaten5362 Жыл бұрын
Can you help me get into contact with Glenn Giro
@TariqJohnson
@TariqJohnson 7 ай бұрын
Email him Glenn.Giro@huntington.com
@carlosvinas9901
@carlosvinas9901 11 ай бұрын
Sir please me to have an SBA loan I am a filipini citizen and live in the philippines can I avail it?please reply me.thanks
@TariqJohnson
@TariqJohnson 10 ай бұрын
No, only in the US
@imogenericketts
@imogenericketts 10 ай бұрын
Do you help with SBA loans in Florida?
@TariqJohnson
@TariqJohnson 10 ай бұрын
Glenn certainly does. Email him!
@RosalindaBErojoErojo
@RosalindaBErojoErojo 7 ай бұрын
Hello how can I apply loan.
@TariqJohnson
@TariqJohnson 7 ай бұрын
Book a Call with my team, and they will be able to provide you a custom strategy. -> www.buyaprofitablefranchise.com/o-booking
@GambleFromHome
@GambleFromHome Жыл бұрын
Can we get SBA loan to buy gas station ?
@TariqJohnson
@TariqJohnson 7 ай бұрын
I don't see why not.
@user-xq9fq6lx5g
@user-xq9fq6lx5g Жыл бұрын
I need your help to assist me Tariq I am from Egypt and would like to hear from you
@TariqJohnson
@TariqJohnson Жыл бұрын
We only help secure funding in the US
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