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WebOct 10, 2024 · How to Start a Self-Storage Business? Although starting a business is not rocket science, there are several aspects to go through before getting to work. Picking the business location The goal is to find the perfect location or as close to perfect as it can get, mortgage costs are dependent on location and size. WebYou must know the size of the self-storage facility You need 30-40,000 square feet to be able to afford a fulltime manager If self-managing you can start smaller, just know your numbers Unit Mix: Have a Mixture of sizes of storage units … WebSBA 7 (a) loans for Self Storage businesses The most popular SBA financing option is the SBA 7 (a) loan. Businesses can secure up to $5 million to finance the following projects or goals:Purchasing or expanding property for Self Storage facilities Purchasing an existing Self Storage business Purchasing a leased property hierarchical connector