Episode 5 | How to get over 1 Million in Funding for your Assisted Living Business
The Assisted Living Investing Podcast
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Show Notes
In this podcaast, we explore how to secure over a million dollars in funding to launch an assisted living business. Brandon, who owns two assisted living facilities, shares his experience in obtaining over $1.5 million in SBA funding through strategic business planning and underwriting. Key steps include crafting a solid business plan, performing thorough underwriting, appraising the property and business value, and finally, finding a lender. The importance of each step is highlighted to ensure confidence and approval from lenders, investors, or partners.
00:00 Introduction to Securing Funding for Assisted Living Business
00:30 Importance of a Solid Business Plan
01:08 Understanding Underwriting and Its Role
02:20 Running Different Financial Scenarios
03:32 Evaluating Property and Business Value
05:36 Finding the Right Lender
06:40 Recap and Final Thoughts
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 Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for a free strategy call today: https://urlgeni.us/alistrat
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
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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