I'm currently in the process of acquiring a distribution company and am ready to submit a Letter of Intent (LOI). However, I've encountered a hurdle with the lease terms. The landlord is only willing to offer 2-3 year leases, while SBA loans require a 10-year lease to match the loan term.
I'm looking for advice or recommendations on alternative investors or loan options that don’t require such long lease agreements. Has anyone successfully navigated a similar situation using non-SBA funding? Any insights on alternative funding sources or strategies would be greatly appreciated.
Not that the short term lease is to be over-looked, but something I will workout in the contract
Thank you in advance for your help!
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