Re: [Coworking] SBA won't fund coworking??

[Randall G. Arnold]

Which would support the idea of hosting a deli and/or magazine and other related sales activities onsite.  Is training considered passive?  After hours rentals?   Randy   On April 25, 2013 at 4:05 PM Jerome Chang <jer...@blankspaces.com> wrote: 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 < bob...@gmail.com> 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 coworking+unsubscr...@googlegroups.com. 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 coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.       Randall (Randy) Arnold Developer and Enthusiast Advocate http://texrat.net +18177396806 -- 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 coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.