Episode 108 | Truth About Funding Your Assisted Living Business

In this episode, Brandon shares one of the most crucial—and often most intimidating—parts of launching your assisted living facility: funding your business. Whether you're exploring SBA loans, conventional mortgages, or hard money options, this episode equips you with actionable insights to help you get funded and get started.

00:00:00 – Welcome & Introduction
00:00:50 – Topic Overview: The Truth About Funding Your Assisted Living Business
00:01:24 – Major Funding Concerns and Down Payment Overview
00:01:47 – SBA Loans Explained (Small Business Administration Loans)
00:02:42 – Conventional Mortgages and Investment Property Classification
00:03:11 – SBA vs. Conventional Loans: Operating Capital Considerations
00:03:59 – Additional Funding Options for Operating Capital
00:04:27 – Hard Money & Private Funds
00:05:44 – Using Hard Money as a Bridge to SBA Financing
00:06:13 – How to Find a Lender: Building Relationships & Avoiding Overwhelm
00:06:43 – The Value of Lending Brokers
00:08:23 – Finding Lenders via Online Searches & Registries
00:08:59 – Importance of a Solid Business Foundation Before Approaching Lenders
00:09:45 – Networking & Cold Outreach Strategies
00:10:35 – Building Credibility and Strengthening Conversations with Lenders
00:10:42 – Qualifying for Lending: Documentation & Creditworthiness
00:12:42 – Partnerships to Improve Credit Profile
00:13:12 – Real Talk on Grants: Limitations and Use Cases
00:13:49 – Grants as Supplemental Funding: Grant Funding Foundations Course
00:15:23 – Final Encouragement & Outro

Resources Mentioned:

Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.

Get your free business plan checklist today: https://urlgeni.us/alibpc

Learn about the Assisted Living Basics: https://www.assistedlivinginvesting.net/basics

Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind

Apply for the Mastermind today: alimastermind.com/application

Join the Business Foundation Basics Workshop: Assisted Living Business Foundation Basics

Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM

Get the 12 Week Year Book: https://amzn.to/4bAOpQf

Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5

Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink

Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg

FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590

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