Thinking Like a Bank

Episode 72: How SBA Loans work with Ray Drew

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Ray Drew has dedicated his entire professional career to helping small business owners navigate through the intricacies of SBA borrowing. His job is to structure a customized loan solution that meets the unique needs of the business and guide the entrepreneur through the process.

Ray’s current role is Managing Business Development Officer at Fund-Ex Solutions Group, one of 14 licensed non-bank SBA 7(a) lenders. He is the Host of The Art of SBA Lending Podcast and he just launched a YouTube Channel for entrepreneurs seeking credible information about SBA 7(a) loans called SBA Ray.

This episode talks about:

  • ​​The difference between bank and non-bank lenders
  • What to consider before applying for an SBA loan?
  • Difference between SBA 7a and 504 loans?
  • Typical terms and requirements for SBA loans
  • The maximum loan amount under 7(a) SBA loans? SBA 504 loans?
  • Do SBA loans require a personal guarantee?
  • What types of small businesses receive the most SBA funding?
  • If you are buying a business, how much financing can you get?
  • Common reasons for why SBA loans get denied.
  • The increase in business acquisitions over the last 2 years and how SBA finance plays a role in acquisitions
  • The average interest rate for SBA loans? Understanding how interest rates work with SBA financing.

    • To connect with Ray Drew and learn more about SBA loans, please visit:

    👉Website: ➡️https://www.artofsba.com/

    👉Linkedin:  ➡️https://www.linkedin.com/in/raydrew4589/

    👉Facebook:  ➡️https://www.facebook.com/artofsba

    👉YouTube: ➡️ https://youtube.com/channel/UC7_6-lZHN4cXa0sF6Tu8AGQ

    👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

    👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

    📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

    🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

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