My SBA Loan Pro Podcast

Seldom are surprises welcomed when applying for an SBA loan to acquire a business, execute a change of ownership or purchase real estate. 

In fact, surprises usually mean a change in terms which may affect the loan's …

All self funded searchers pursuing ETA, listen up. This podcast episode contains a comprehensive overview of the acquisition process including the …

The SBA has published updates to the Standard Operating Procedures manual replacing SOP 50 10 6 with SOP 50 10 7.  These updates will become effective August 1, 2023.  There has been much debate when and how lenders …

Welcome to another episode of the My SBA Loan Pro Podcast: SBA Loans Industry Update May 1, 2023.

In today's episode Ryan will cover the following …

In this episode, your SBA Loan Pro, Ryan Smith covers the following SBA Financing Topics:

1. Access to capital
2. Types of transactions being financed

Residential Care Facilities for the Elderly (RCFE’s) have become the housing model of choice for our senior population and their loved ones due to …

Life insurance is a contract between a policyholder and insurer where the insurer promises to pay the insured's beneficiary an agreed amount upon …

The most frequently asked question I receive by far is how long does the loan application process take to complete from start to finish.  The quick answer is 45 - 60 days. The honest answer is it takes as long as …

The most frequently asked question I receive by far is how long does the loan application process take to complete from start to finish.  The quick answer is 45 - 60 days. The honest answer is it takes as long as …

Applying for a small business loan can be stressful, grueling and confusing when you hear the dreaded NO from your bank.  Does this sound familiar?

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Seller Discretionary Earnings referred to as SDE equals net profit, which is the sum of annual revenue minus expenses, plus add-backs of seller discretionary spending.

SDE directly impacts enterprise value, buyers …

The most important step in the SBA loan application process is closing the loan. This is obvious, right?  You would think so. However, many …

Navigating the SBA loan program and application process can be complicated.

For starters, the entire SBA loan program, including borrower eligibility …

Are you a business owner or entrepreneur applying for an SBA loan or planning to in the near future?  If your answer is yes, then keep listening because this podcast was recorded specifically for you.

In this podcast I …

Business succession planning is vital to the longevity of any business.  This is especially true when a business is owned by two or more individuals, for seldom do business partners share the same retirement and life …

Business owners purchasing or refinancing commercial real estate financed by an SBA 504 or 7a loan are required to hire a certified commercial appraiser to prepare a commercial real estate appraisal report which …

The World of SBA Lending - 0:46

• SBA Lenders are actively approving and closing loans.
  
• Everyone's pipelines are flush with loan originations.
  
• …

The Landlord Lien Subordination And Collateral Access Agreement is required to be executed during the loan closing process when an applicant …

Contrary to popular opinion SBA Loans are quite flexible.  Case in point, The SBA Standby Creditor’s Agreement.

This Agreement establishes the …

There are many instances where borrowers applying for an SBA loan to purchase real estate, acquire a business or franchise or obtain working capital for growth do not possess the required 10% minimum equity injection.

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November 1st, 2018 the SBA combined SBA Form 159(7a) and SBA Form 159(504) into one form known simply as Form 159.

Form 159 requires applicants to disclose services and fees charged by an Agent hired in connection with …

Form 2202 must be completed on behalf of the subject business requesting the loan and all affiliate businesses.

Affiliate businesses are defined by the SBA as any business owned 51% or more by a 20% or more owner of the …

Hello and welcome to the State of SBA Lending Address presented by yours truly, Ryan Smith, Principal and Founder of ThinkSBA.  I help business …

The SBA Statement of Personal History Form 912 must be completed by everyone who answers yes to questions 18 or 19 on SBA 7(a) Borrower Information Form 1919, Section II: Principal Information.

These questions ask …

The SBA 7(a) Borrower Information Form 1919 is required to be completed by every individual with 20% or more ownership in the applicant business entity whether applying for an SBA 7a or 504 loan.

Completing this form is …

The Personal Financial Statement, often referred to as a PFS for short, is one of the most important documents to the loan application.

The PFS must be completed by all individuals who own 20% or more of the borrowing …

One of the most popular ways to become a business owner is to acquire an existing business.  And the easiest way to qualify for financing is through …

In this episode I will answer the 10 most frequently asked questions I have received from business owners regarding the Paycheck Protection Program. 

Can I use loan proceeds to hire new staff? The answer is no, you must …

Often business owners will want to acquire raw land and build or improve an existing commercial building to suit their unique business model and …

Many small business owners are unfamiliar with pre-payment penalties associated with purchasing or refinancing commercial real estate through the SBA 504 or 7a guaranteed loan programs. So let me educate you on what …

How To Build Wealth Through The SBA 504 Loan Program

The SBA 504 Loan Program is a Federal Government Guarantee program designed to incentivize business owners to purchase commercial real estate to occupy their business.

The answer is no, not all SBA lenders are created equal. That’s because each lender applies the Small Business Administration’s Standard Operating Procedures manual, also referred to as the SOP, differently.

For …

An SBA non-bank lender is a financial institution that does not accept customer deposits. Their sole reason for existing is to lend money to eligible …

As its name implies, a multi-purpose property is commercial real estate comprised of improved land with a building that has multiple purposes or uses …

As its name implies, a single-purpose property is commercial real estate comprised of improved land with a building that has a single purpose or use …

Do I Need To Personally Guarantee An SBA Guaranteed Loan?

The answer is yes, let me explain.

It’s important to understand that the applicant or borrower is the business, not the individual owners of the business.

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Not every individual obtaining an SBA guaranteed loan is required to pledge their personal residence or any other real estate owned as collateral.

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The SBA 504 guaranteed loan program to purchase commercial real estate is comprised of two loans. One provided by an SBA Preferred Lending Partner and another by an SBA Community Development Corporation (CDC).

SBA …

One of the first questions business owners ask when applying for a loan is what is the interest rate. In this episode of SBA FM you will learn how SBA 7(a) guaranteed loan interest rates are determined and what to …

Yes, E-2 non-immigrant visa holders are eligible to obtain an SBA guaranteed loan to acquire a business. However, there are several specific …

The SBA requires eligible borrowers to possess reasonable personal liquidity; such as cash, marketable securities or cash value of life insurance to inject the minimum equity percentage into the financing package.

SBA …

The SBA 7(a) guaranteed loan program to purchase or refinance commercial real estate is comprised of one loan provided by an SBA Preferred Lending Partner which means more flexibility in determining eligibility and …

The SBA 504 guaranteed loan program to purchase commercial real estate is comprised of two loans. One provided by an SBA Preferred Lending Partner and another by an SBA Community Development Corporation (CDC).

Generally, …

Yes you do. Financial projections provide potential lenders the information they require to make an informed decision regarding the future financial success of your new venture.

You need to know these three things to …

The simple answer is yes you do. The purpose of the business plan is twofold.

Number one, it demonstrates to potential lenders your fitness as a …

The answer to this question is yes and no. The reason why it isn’t black and white is because it largely depends on a few variables. So let me bring some clarity to this question.

If you are requesting a working capital …

There are many factors that determine how long it takes to apply for and close a loan. These factors include the experience and competence of your banker, the banks loan pipeline density at the time of your application, …

The SBA, or Small Business Administration, is a Federal Government Guarantee Program that incentivizes banks to make loans to businesses who would …