The SBA and self storage- Acquisitions

SBA financial assistance is available to acquire existing self storage facilities.

Down payment requirements will vary depending on the financial performance of the facility to be acquired and the financial strength of the buyer. In most cases, buyers should be prepared to put 15 percent down. The down payment should not come from a borrowed source.

The historical cash flow of the facility will be based upon tax returns.

The seller of the facility is required to sell his entire interest. He can not retain any ownership interest.