In the high-stakes world of SBA lending, closing a deal successfully is often a race against time and unforeseen challenges. 

Join Emily Detor, Ryan Kroge, and Sterling Birdsong as they delve into the intricacies of navigating credit, legal, and internal team dynamics to coax deals over the finish line. Your hosts offer a candid look into the hurdles and strategic maneuvers that seasoned BDOs employ.

Learn about the importance of setting expectations, managing third-party reports, and communicating effectively to avoid deal-killing delays. Real-life anecdotes, including disasters averted and lessons learned, highlight the unpredictable nature of the business lending world. Perfect for BDOs aiming to streamline their processes and maximize success.

Here are the key takeaways:

• Effective communication and expectation management with clients and internal teams are crucial in ensuring smooth deal closures.

• Understanding the potential pitfalls in SBA lending, such as third-party reports and credit assessments, can preemptively avert transaction issues.

• Collaborating with the right partners, from environmental consultants to legal advisors, fosters a seamless lending process.

This episode is sponsored by: Peak Business Valuations

 

Peak Business Valuation works with over 80 SBA bank lenders across the country, performing around 1,100 SBA-compliant Business Valuations and 100 Equipment Appraisals a year. Those whom we work with label us as fast, reliable, and insightful.

 

For more information, visit their website www.peakbizval.com or email Ryan Hutchins at [email protected]

CHAPTERS

0:00 Introduction

3:31 | Avoiding Deal Failures in Loan Closing Processes

13:45 | Uncovering Fraud in a Business Acquisition Deal

15:51 | Early Warning Signs of a Deal Falling Through

20:22 | The Importance of Solution-Oriented Teams in Deal Success

23:23 | Challenging Inaccurate Real Estate Appraisals for Fair Valuation

25:48 | Navigating Underwriter Challenges to Ensure Deal Success

29:46 | Navigating Environmental Challenges in Real Estate Transactions

35:53 | Communication and Expectations in Loan Closing Processes