An inside source once told me that the SBA doesn't finance operations based on passive income. Gyms with passive membership fees get away with it because they have a lot of trainers, retail sales, etc.
So unless you can prove that more than 50% of your business is not passive, you're out of luck. Jerome www.BLANKSPACES.com On Apr 25, 2013, at 1:58 PM, Rena Tom <[email protected]> wrote: > Help me out, all. I just had a conversation with the NYBDC (New York Business > Development Corporation) which works with the SBA on lending. They said the > SBA won't fund coworking spaces because it's too much like a > landlord/subtenant situation which is not in their charter. > > Have any of you taken a SBA loan for your space? This just sounds wonky to me. > > Rena > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/groups/opt_out. > > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
