Did you miss our third LIVE Home Hangout? Not to worry, the recording is available!
This month we were joined by Joe Saffire, CEO of Life Storage and Terry Campbell, EVP Small Business Lending at Live Oak Bank. Here from Joe regarding Life Storage's recent unveil of their "Rent Now" platform just last year - a product primed to help the company in the face of COVID-19 pandemic. Learn about the company's growth tactics and updates on their Warehouse Anywhere ventures.
Like most industries, recent bank lending has taken entirely new approaches in recent months. Terry joins us to explain how he and his team have been focusing on the CARES act to help facilities receive one-in-a-lifetime funds. Terry also explains in detail about why they choose to prioritize 7(a) loans over 504. Don't miss it!🙏 Join us next time, and thank you to everyone who attended!
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.