• 115. Navigating SBA Loans for Coworking Spaces: Insights from Katelyn Hendricks, VP of Business Development, Byline Bank

  • Aug 6 2024
  • Length: 49 mins
  • Podcast

115. Navigating SBA Loans for Coworking Spaces: Insights from Katelyn Hendricks, VP of Business Development, Byline Bank

  • Summary

  • In this episode, we cover:

    • Understanding SBA Loans: Katelyn provides an overview of what SBA loans are, the different types available, and the benefits they offer, especially for coworking space operators.

    • Richie’s SBA Loan Journey: Richie shares his personal experience with SBA loans, detailing the challenges he faced and how Byline Bank's support made a significant difference.

    • Key Considerations for Securing SBA Loans: Learn about the essential documentation and preparation needed when applying for an SBA loan, including business plans, projections, and financials.

    • The Role of Banks in the SBA Process: Katelyn explains the importance of working with a preferred lender like Byline Bank, which can streamline the approval process and offer creative financing solutions.

    • Tips for Coworking Operators: Practical advice on how to structure your real estate deals and prepare for SBA loan applications to increase your chances of securing the necessary funding.

    Resources Mentioned in this Podcast:

    • Katelyn on LinkedIn

    • Byline Bank website

    • Richie on LinkedIn

    Connect with your Hosts:

    Connect with Giovanni on LinkedIn

    Connect with Jamie on LinkedIn

    Find Jamie on the Everything Coworking Podcast

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