Alex, my understanding is that the govt is backing these bank loans. So the govt would want businesses to hire people to run the operations, not a kick-back-and-collect-revenue biz model.
Yes you could sell magazines and stuff, but that would have to amount to a lot of revenue...at least equal to the coworking memberships. 1 desk = $500, vs 100 magazines @ $5 each. Multiply by at least 20 desks. Print magazines are dying so... Rena, it's possible to convince some loan officer to convince the loan committee and therefore the SBA approval process, but it'd be an exception than the rule. Jerome www.BLANKSPACES.com On Apr 25, 2013, at 2:15 PM, "Randall G. Arnold" <[email protected]> wrote: > 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 <[email protected]> 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 < [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. > > > 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 [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
