This episode focuses on navigating the process of finding the right fit for an SBA 7a loan request. Beau emphasizes the importance of understanding different types of lenders and their underwriting processes, such as direct lenders [also called the Preferred Lenders Program (PLP)] who underwrite in-house and non-delegated lenders who send the file to the SBA. Determining if a lender follows the SBA guidelines or has additional requirements that may affect the loan request is crucial.

Commercial mortgage advisors like Beau act as guides in the SBA loan process, assisting in putting together the loan package, assessing the strengths and weaknesses of the deal, and finding the best lender or partner for the specific situation. Various caveats exist within SBA lending, such as lenders' preferences regarding industry verticals, collateral requirements, and equity injections. It is advisable to work with an advisor who understands the appetite of each lender, as different lenders may have different criteria for approving loans.

Beau also discusses the opportunity to structure deals with low to no money out-of-pocket, leveraging options like seller carry-backs, investor partnerships, and equity injections. He highlights the importance of finding off-market deals and suggests that retirees and small business owners looking to sell may offer potential opportunities for acquisitions.

In summary, this episode of the podcast provides insights into navigating the SBA loan process, understanding different types of lenders, and finding the best fit for a loan request while considering various caveats and structuring options.

If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )