My SBA Loan Pro Podcast

By Ryan Smith

Applying for an SBA loan can be stressful , grueling and confusing — does this sound familiar? Don’t worry, SBA Pro and Host of the My SBA Loan Pro podcast Ryan Smith, reveals valuable insights and be... more

5

1010 ratings

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about My SBA Loan Pro Podcast:

How many episodes does My SBA Loan Pro Podcast have?

The podcast currently has 75 episodes available.

My SBA Loan Pro Podcast episodes:

August 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 is considered multi-purpose has to do with the design of the building and not the activity of the occupant.

If you liked this content, let's connect on social media:
Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠
Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠
LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠

More ThinkSBA Resources
⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call
⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews
⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions
⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast
⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel
...more
3min
August 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 a property is considered single-purpose has to do with the design of the building and not the activity of the occupant though these often do coincide.

If you liked this content, let's connect on social media:
Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠
Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠
LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠

More ThinkSBA Resources
⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call
⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews
⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions
⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast
⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel
...more
3min
July 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 pay back the loan which is why this repayment source is referred to as the primary source of repayment.
The secondary source of repayment is often in the form of assets owned by the principal owners of the business which is defined as any owner owning 20% or more of the borrowing entity.

If you liked this content, let's connect on social media:
Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠
Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠
LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠

More ThinkSBA Resources
⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call
⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews
⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions
⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast
⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel

...more
3min
July 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 the applicants personal residence or other real estate owned as additional collateral on non-real estate loans where there is a shortage of collateral.

If you liked this content, let's connect on social media:
Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠
Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠
LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠

More ThinkSBA Resources
⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call
⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews
⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions
⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast
⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel
...more
3min
July 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 the second portion also referred to as the Debenture are fixed based on the 5 year and 10 year treasury index rate plus a predetermined fixed rate and an additional percentage rate to capture ongoing annual fees.

If you liked this content, let's connect on social media:
Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠
Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠
LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠

More ThinkSBA Resources
⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call
⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews
⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions
⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast
⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel
...more
4min
June 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 expect in your own situation. SBA 7(a) guaranteed loan interest rates are determined by three factors: the SBA Standard Operating Procedure manual, The lending institution which is reviewing the loan application and the economic market conditions at the time of the loan application. Page 154 of the SBA Standard Operating Procedure manual includes a quick reference chart that outlines the maximum allowable interest rate charged by SBA Preferred Lending Partners categorized by loan amounts, loan maturities and loan programs.

Resources
⁠⁠⁠⁠
⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast
⁠https://youtube.com/@mysbapro⁠ - YouTube Channel⁠⁠⁠⁠
⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions ⁠⁠⁠⁠⁠⁠https://mysba.pro/page⁠⁠⁠⁠ - Google Business Page & Reviews
⁠https://mysba.pro/cal⁠⁠⁠⁠ - Schedule Call
...more
5min
June 16, 2019 Can An Individual With An E-2 Visa Acquire A Business With An SBA 7(a) Loan?
Yes, E-2 non-immigrant visa holders are eligible to obtain an SBA guaranteed loan to acquire a business. However, there are several specific eligibility tests that must be met by management for the applicant business to be considered eligible.
Number 1. The Application must contain assurance that management is expected to continue in place indefinitely and have future U.S. citizenship or verified permanent resident status.
Number 2. The non-immigrant visa holder must have been a member of management for one year prior to the loan. So yes non-immigrant visa holders are eligible for a business loan but not for acquisition unless they have been a member of management prior, which is more akin to a partner buyout and not a new acquisition.

Resources
⁠⁠⁠⁠
⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast
⁠https://youtube.com/@mysbapro⁠ - YouTube Channel⁠⁠⁠⁠
⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions
⁠⁠⁠⁠⁠⁠https://mysba.pro/page⁠⁠⁠⁠ - Google Business Page & Reviews
⁠https://mysba.pro/cal⁠⁠⁠⁠ - Schedule Call
...more
4min
June 15, 2019 How Much Of A Cash Injection Is Required To Qualify For An SBA Guaranteed Loan?
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 7(a) loan requests to purchase a business or franchise, buy out a partner, start up or expand a business or to obtain working capital require between 5% - 25% cash injection depending on the amount requested and the bank entertaining the request.

Resources
⁠⁠⁠⁠
⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast
⁠https://youtube.com/@mysbapro⁠ - YouTube Channel⁠⁠⁠⁠
⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions
⁠⁠⁠⁠⁠⁠https://mysba.pro/page⁠⁠⁠⁠ - Google Business Page & Reviews
⁠https://mysba.pro/cal⁠⁠⁠⁠ - Schedule Call

...more
3min
June 10, 2019 SBA 7(a) Guaranteed Loan Program To Purchase or Refinance Real Estate Explained
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 qualifying loan applicants.
Generally, multi-purpose properties may be financed up to 90% loan to value while special purpose properties may be financed up to 85% loan to value.

Resources
⁠⁠⁠⁠
⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast
⁠https://youtube.com/@mysbapro⁠ - YouTube Channel⁠⁠⁠⁠
⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions
⁠⁠⁠⁠⁠⁠https://mysba.pro/page⁠⁠⁠⁠ - Google Business Page & Reviews
⁠https://mysba.pro/cal⁠⁠⁠⁠ - Schedule Call
...more
3min
June 08, 2019 SBA 504 Guaranteed Loan Program To Purchase Real Estate Explained
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, multi-purpose properties may be financed up to 90% loan to value while special purpose properties may be financed up to 85% loan to value.

Resources
⁠⁠⁠⁠
⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast
⁠https://youtube.com/@mysbapro⁠ - YouTube Channel⁠⁠⁠⁠
⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions ⁠⁠⁠⁠⁠⁠
https://mysba.pro/page⁠⁠⁠⁠ - Google Business Page & Reviews
⁠https://mysba.pro/cal⁠⁠⁠⁠ - Schedule Call

...more
3min

FAQs about My SBA Loan Pro Podcast:

How many episodes does My SBA Loan Pro Podcast have?

The podcast currently has 75 episodes available.

More shows like My SBA Loan Pro Podcast

The Daily by The New York Times

The Daily

112,758 Listeners

M&A Science by Kison Patel

M&A Science

137 Listeners

Commercial Real Estate Investing From A-Z by Steffany Boldrini

Commercial Real Estate Investing From A-Z

141 Listeners

SBA Loans And What You Need To Know by Ryan J. Roques

SBA Loans And What You Need To Know

13 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

39 Listeners

The Art of SBA Lending by Ray Drew

The Art of SBA Lending

35 Listeners

CEO To Rainmaker by Gene Valdez

CEO To Rainmaker

0 Listeners