My SBA Loan Pro Podcast by Ryan Smith

05.17.2024

SBA 7(a) Pari Passu Lending To Acquire A Business With Bruce Marks | Ep. 9 | My SBA Loan Pro Podcast

Bruce Marks has made a career out of mastering lower middle market business acquisition financing by leveraging the SBA 7(a) loan program coupled with a Pari Passu conventional loan for loan requests that exceed the SBA's $5 Million borrowing limit. In...

05.14.2024

How To Properly Apply For An SBA Working Capital Term Loan

Working capital has many meanings and definitions depending on the application of funds. For the purpose of this podcast, I will define working capital as capital provided to a business to fund tangible recurring business expenses or capital expenditures. Working...

05.09.2024

SBA Loan Default Insights And Strategies with John Homan | Ep. 8 | My SBA Loan Pro Podcast

Join Ryan Smith, Principal and Founder of ThinkSBA, as he sits down with John Homan, esteemed SBA Loan Workout Specialist. John shares valuable insights into the intricacies of SBA loan defaults, including how to avoid defaulting, how lenders respond to...

04.30.2024

SBA 504 Green Loan Program Explained With Sol Rosenbaum | Ep. 7 | My SBA Loan Pro Podcast

Ryan Smith, Principal and Founder of ThinkSBA, sits down with Sol Rosenbaum of SR Engineering and Consulting, a seasoned mechanical engineer with over two decades of experience in energy engineering. Discover how Sol's firm assists business owners in navigating the...

04.15.2024

SBA Business Plans Made Easy With Bethany McClellan President of Rapid Business Plans

Join our Host Ryan Smith, Principal and Founder of ThinkSBA, as he interviews Bethany McClellan, President of Rapid Business Plans. Bethany dives into the world of crafting SBA ready Business Plans and Feasibility Studies removing anxiety from SBA loan applicants. Discover...

03.29.2024

Purchase Order Financing Factoring & Asset-Based Lines of Credit for B2B Businesses with Fernando Ponce

In this episode of the My SBA Loan Pro Podcast Face to Face, Ryan Smith, Principal & founder of ThinkSBA sits down with Fernando Ponce, Business Development Officer at Primary Funding, a non-traditional lending source based in San Diego, California...

03.27.2024

Family-Owned Commercial Real Estate: Transition, Succession and Exit Planning With Glenn Arnold

In this episode of The My SBA Loan Pro Podcast Face to Face Glenn Arnold with Voit Real Estate reveals transition, succession and exit strategies for privately held, family owned business owners who also own the real estate. Glenn Arnold is...

03.25.2024

Best Practices To Lease and Purchase Owner Occupied Real Estate With CRE Broker Bryan Geisbauer

Welcome to another insightful episode of the My SBA Loan Pro Podcast Face To Face! In this episode Ryan Smith, Principal and Founder of ThinkSBA, engages in an insightful discussion with Bryan Geisbauer, a seasoned Tenant Representative and Commercial Real...

02.21.2024

Mastering Main Street M&A: Legal Tips And Best Practices with Jake Parsley SMB Law Group

The SMB Law Group has burst onto the scene providing much needed legal advice to the ETA community who are pursuing main street business acquisitions often times funding the acquisition with an SBA 7(a) loan. It's refreshing to collaborate with attorneys...

02.09.2024

Top 12 Reasons Why Business Owners Should Buy Owner Occupied Real Estate With Glenn Arnold

Welcome to a new episode of the My SBA Loan Pro Podcast Face-to-Face, where we dive deep into the world of buying and selling Owner Occupied Commercial Real Estate! Many business owners face the question whether to buy their office...

12.18.2023

The King of QofE Elliott Holland and My SBA Pro Ryan Smith Discuss Quality Of Earnings Reports

In this inaugural episode of the My SBA Loan Pro Podcast: Face to Face, Ryan interviews the King of QoE, Elliott Holland, owner and operator of Guardian Due Diligence. Elliott is an Ivy League graduate, self-funded searcher, and quality of earnings...

07.31.2023

Demystifying The SBA Loan Application Process - Defining The Term Retrade

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 outcome or desirability. The official...

07.12.2023

How To Bulletproof Your Business Acquisition

All self funded searchers pursuing ETA, listen up. This podcast episode contains a comprehensive overview of the acquisition process including the following topics. After listening to this episode you will be equipped with the tools and information to make better decisions...

07.04.2023

SBA Procedural Notice SOP Update 2023

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 will implement...

05.03.2023

SBA Loans Industry Update May 1, 2023

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 topics: Lender Appetite Interest Rates Upcoming SBA Rule Changes SBA Behind The...

02.09.2023

My SBA Loan Pro SBA Financing Industry Update For February 2023

In this episode, your SBA Loan Pro, Ryan Smith covers the following SBA Financing Topics: Access to capital Types of transactions being financed Lender processing times Current 7(a) & 504 loan interest rates Interest rates for prime...

02.09.2023

SBA Financing For Residential Care Facilities For The Elderly

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 the fact that many require increased accessibility, social connectivity, and medical support services that living at...

09.15.2021

Collateral Assignment of Life Insurance Requirement For SBA 7(a) & 504 Loan Programs

Life insurance is a contract between a policyholder and insurer where the insurer promises to pay the insured's beneficiary an agreed amount upon their death. The most common application is between heads of household and their dependents. Life insurance is also...

02.11.2021

SBA 7(a) & 504 Real Estate Purchase Loan Application From Start To Funding

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...

01.13.2021

SBA 7(a) Business Acquisition Loan Application From Start To Funding

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...

12.03.2020

ThinkSBA Small Business SBA Loan Experts

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? Hello, my name is Ryan Smith, Principal Broker and Founder of ThinkSBA. If you are listening to...

11.23.2020

SBA 7(a) Business Acquisition Loan Series - Seller Discretionary Earnings

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 equity injection, loan amount, seller carry amount, and debt service...

11.05.2020

Demystifying The SBA Loan Application - Crossing The Finish Line!

The most important step in the SBA loan application process is closing the loan. This is obvious, right? You would think so. However, many applicants make the mistake of focusing their attention on closing after it’s too late, and they've...

10.21.2020

The Benefits of Hiring an SBA Small Business Loan Broker

Navigating the SBA loan program and application process can be complicated. For starters, the entire SBA loan program, including borrower eligibility requirements and all policies and procedures, is governed by the SBA’s Standard Operating Procedures Manual also known as the SOP...

10.08.2020

The Science of SBA Loan Approval

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 reveal the...

09.19.2020

Why The SBA 7(a) Loan Program Is The Best Financing Option To Buy-Out A Partner

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 goals. Therefore, a business is...

08.18.2020

Demystifying The SBA Loan Application - The Commercial Appraisal Report

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 includes the “as is” value of the...

08.08.2020

SBA Loan Update - August 8, 2020

The World of SBA Lending - 0:46 SBA Lenders are actively approving and closing loans. Everyone's pipelines are flush with loan originations. Underwriting is taking up to three weeks with the loan package sitting in the queue for nearly...

08.07.2020

Demystifying The SBA Loan Application - Landlord Lien Subordination And Collateral Access Agreement

The Landlord Lien Subordination And Collateral Access Agreement is required to be executed during the loan closing process when an applicant receiving an SBA loan has secured an interest in real property through a commercial lease. Parties to the agreement include...

07.23.2020

Demystifying The SBA Loan Application - SBA Standby Creditor’s Agreement Form 155

Contrary to popular opinion SBA Loans are quite flexible. Case in point, The SBA Standby Creditor’s Agreement. This Agreement establishes the interest rate and loan terms of a promissory note between the buyer, referred to as the Standby Borrower and the...

07.23.2020

Demystifying The SBA Loan Application - The Gift Letter

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. The good news is that the...

07.07.2020

Demystifying The SBA Loan Application - SBA Fee Disclosure and Compensation Agreement Form 159

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 applying for an...

06.30.2020

Demystifying The SBA Loan Application - SBA Schedule of Liabilities Form 2202

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 subject...

06.23.2020

The State of SBA Lending Address

Hello and welcome to the State of SBA Lending Address presented by yours truly, Ryan Smith, Principal and Founder of ThinkSBA. I help business owners and entrepreneurs find the right loan to purchase real estate, acquire a business or franchise...

06.17.2020

Demystifying the SBA Loan Application - SBA Statement of Personal History Form 912

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 whether the individual principal applying has...

06.09.2020

Demystifying the SBA Loan Application - SBA 7(a) Borrower Information Form 1919

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 not complicated but...

06.01.2020

Demystifying The SBA Loan Application - Form 413 Personal Financial Statement

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 entity and...

05.20.2020

Why The SBA 7(a) Loan Program Is The Best Financing Option To Acquire An Existing Business

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 the SBA 7a program. Before I highlight the advantages of the 7a program, I’d...

05.11.2020

Answers To The 10 Most Frequently Asked Questions I’ve Received Regarding PPP Loans

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 maintain current employment...

12.08.2019

How To Finance Ground Up Construction And Tenant Improvements With The SBA 504 & 7(a) Loan Programs

Often business owners will want to acquire raw land and build or improve an existing commercial building to suit their unique business model and company culture. The SBA 504 and 7a Loan Programs are designed perfectly to meet this purpose. If...

12.02.2019

How To Build Wealth Through The SBA 504 Loan Program

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. Be sure to browse other episodes...

12.02.2019

How To Avoid The Pre-Payment Penalty Trap

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 they are and how you can avoid...

09.16.2019

Are All SBA Lenders Created Equal?

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 example, some lenders have developed internal lending policies...

08.18.2019

What Is An SBA Non-Bank Lender And Why Do They Exist?

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 small businesses in their community. On the other hand, a bank is a financial institution...

08.12.2019

What Is A Multi-Purpose Property?

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 opposed to buildings that have a single-purpose o use. The primary determining factor whether a property...

08.11.2019

What Is A Single-Purpose Property?

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 as opposed to a building that has a multi-purpose or use. The primary determining factor whether...

07.29.2019

Do I Need To Personally Guarantee An SBA Guaranteed Loan?

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. Therefore, the business is primarily responsible to...

07.20.2019

Will An SBA Guaranteed Loan Require That I Pledge My Personal Residence As Collateral

Not every individual obtaining an SBA guaranteed loan is required to pledge their personal residence or any other real estate owned as collateral. However, banks, credit unions and non-bank lenders are required by the SBA’s Standard Operating Procedure manual to take...

07.18.2019

How SBA 504 Loan Interest Rates To Purchase Real Estate Are Determined

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 Guaranteed 504 real estate loan rates on...

06.28.2019

How SBA 7(a) Loan Interest Rates Are Determined

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...

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