I’m exploring getting an SBA 504 loan <https://www.nybdc.com/about-us/SBA-504-Loans_54_24_sb.htm> to purchase the building I’ve been in for 10 years. They’re arguing that coworking isn’t eligible, as it’s a passive business, primarily engaged in real estate in which we lease (license) it out to accommodate independent businesses that provide services directly to the public.
I think those of us who own or manage coworking spaces would not call it passive… but has anyone had any experience successfully navigating this? Thanks! scott. - -- - SCOTT TILLITT PR yogi + social entrepreneur + community catalyst + meditator // Facebook <http://www.facebook.com/scott.tillitt> / LinkedIn <http://www.linkedin.com/in/tillitt/> // 917.449.6356 BEAHIVE <http://www.beahivebzzz.com/> // pioneering spaces for work + community + possibilities ANTIDOTE COLLECTIVE <http://antidotecollective.org/> // communications + projects for a better world - -- - t h i n k / f e e l - -- - "...an idea or product that deserves the label 'creative' arises from the synergy of many sources and not only from the mind of a single person." — Mihaly Csikszentmihaly -- 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]. To view this discussion on the web visit https://groups.google.com/d/msgid/coworking/50500562-0730-42EE-AC0C-EBD0950E067D%40beahivebzzz.com. For more options, visit https://groups.google.com/d/optout.
