Carpel: Founders can use Founderpath debt to buy personal real estate
Ben Carpel · Founder Net worth Map: How to use your SaaS to cash out, diversify without losing control · Nov 15, 2022 · at 9:37
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Ben Carpel explains to founders how non-dilutive debt platforms like Founderpath permit using proceeds for personal wealth diversification.
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“Unlock the wealth, take the money, and put that into other things. Again, the S&P 500 a commercial building, buy a house for your mom, buy a house for yourself all permissible and all doable with this product.”
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Carpel: SBA loans take two to six months to close
“For an SBA, which is low interest, very flexible, pretty borrower-friendly terms on the whole, it'll still take five or six months at the max. On the fast end, maybe more like two months, but still, Even after they pre-approve you in, you know, month one, ther…”
Carpel: Some non-dilutive lenders prohibit investing funds outside the business
“Some of them may not allow you to take out the money to put it into a commercial real estate investment, or to, Seed another VC you would like to, if you wanted to invest the money and back a friend starting another company, for example.”
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“What I've seen in the market, it tends to be around 10%, so sometimes it's a little bit, You know, kind of can be as low as eight. I've seen low teens as well. So the bogey I say is 10%. Could be a little lower, kind of like eight percent. Oftentimes I've seen…”