SBA Today

📰 It’s a new Year!! You are all at 0.00 Congrats! So who won the award?

📰 SBA Guzman testify at the Small Business Committee

💡 What would you say?

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. 

Are you a business owner or prospective business owner?

Let’s see how we can help you.

If your business or perspective business is in: Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union [email protected]

Colorado, Texas, Missouri, Florida, Arizona, and Tennessee contact: Tonya Mazurek at Midwest Regional Bank [email protected] 

📰 They lowered rates!

💡 Some Small Business Lending Stats, How Paul and I do it at our shops

📖 New Feature on SBA Today: “What would you do?” 

Sources:

NBC News | https://www.nbcnews.com/business/economy/interest-rate-cut-federal-reserve-decision-how-much-rcna171453

Brett Caines | https://www.linkedin.com/in/brett-caines-lumos/

Lumos Data | https://lumosdata.com/  

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. 

Are you a business owner or prospective business owner?

Let’s see how we can help you.

If your business or perspective business is in: Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union [email protected]

Colorado, Texas, Missouri, Florida, Arizona, and Tennessee contact: Tonya Mazurek at Midwest Regional Bank [email protected] 

We’ve got: 📰1 Month away from end of SBA year: Live Oak vs Newtek 💡 Has the time to close a business acquisition is going DOWN? We will tell you why. 📖 The Weirdest Place you have met a client

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. _____________________________________________________________ 

Are you a business owner or prospective business owner? Let’s see how we can help you.

If your business or perspective business is in:

Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union [email protected]

Colorado, Texas, Missouri, Florida, Arizona, and Tennessee contact: Tonya Mazurek at Midwest Regional Bank [email protected] 

We’ve got:

📰Small Businesses with EIDL Debt Have Difficulties Getting the Financing They Need

💡SBA to host Third Annual Small business Cyber Summit During Cybersecurity Awareness Month

💬 Open Discussion: How to know if your lender or borrower is lying to you?

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. _____________________________________________________________ 

Are you a business owner or prospective business owner? Let’s see how we can help you.

If your business or perspective business is in:

Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union [email protected]

Colorado, Texas, Missouri, Florida, Arizona, and Tennessee contact: Tonya Mazurek at Midwest Regional Bank [email protected] 

We’ve got:

📰 Is business better on the West side of the country?

💡 What do buyers look like by each deal size

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

📰 Upcoming Etran Technical Enhancements Started August 22nd…

💡 Extension Of Lender Records Retention Requirements

It’s August 27th, 2024 and this is SBA Today.

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

We’ve got:

📰Lumos predictions on small business loan losses over the next year..

📰Guzman announces signing of memorandum between SBA OVBD and VA/VBA (OMG the acronyms!)

💡Tonya’s SBA/VA acronym rap song…

It’s August 20th, 2024 and this is SBA Today.

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

📰 SBA Announces new Round of Applications for Community Advantage SBLC Licenses. We'll also look at industries impacted by high unemployment.

💡Talking Tombstones and which is better: 504 or fixed rate 7a?

It’s August 13, 2024 and this is SBA Today.

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

• Importance of Consulting SBA Lenders: During four critical business phases—startup, expansion, acquisitions, and rapid growth—seeking advice from SBA lenders can be pivotal.

• Export Loan Guarantees: SBA programs offering 90% guarantees for export loans can significantly lessen the perceived risk for banks.

• Veteran Benefits: New bipartisan legislation is aimed at providing veterans starting businesses in underserved communities with substantial tax credits.

We’ve got:

📰 Get Ready! Small Business Loan losses will be higher that the last 10 years

📖 SBA Lender at a Dental Practice

💡 Sellers are more willing to offer seller financing and Earnouts

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.