Welcome back to The Art of SBA Lending podcast! A place where the most influential leaders in the SBA lending industry come together to debate, discuss, and drive our industry forward.

In today's episode, host Ray Drew kicks things off, addressing the increasing impact of politics on SBA lending. From SOP changes to funding challenges, the SBA mission for diverse funding, and the implications of the 2024 presidential elections, no stone is left unturned.

Join us as we dive into a dynamic panel discussion with three esteemed Art of SBA Contributors:

• Brooke Mirenda, President and CEO of SEDCO

• Bob Coleman, Founder and Publisher at Coleman Report

• Chris Hurn, entrepreneur and SBA lending veteran

Our experts will share their insights on:

• How politics has permeated SBA lending

• The potential impact of the 2024 elections on SBA programs

• The evolving mission of the SBA and its focus on diverse groups

Tune in now and let us know your thoughts!

Navigate the episode:

1:15 Ray speaks on political implications on SBA and the upcoming election

5:54 Panelist introductions

6:20 Has the SBA gotten more political in recent years?

7:30 Will the party in power change the course of the SBA’s core missions of access to capital and job creation?

8:25 Is there a difference between republican administration vs democrat administration when it comes to getting money out the door for Americas small businesses?

9:45 Should it be a part of prudent lending to consider race or gender when making a decision to lend?

13:50 Is there a lower demand of underserved communities requesting SBA loans? What can be done about it?

24:30 What do the next 4 years look like if Trump wins?

29:22 What do the next 4 years look like if the democratic nominee wins?

33:25 How will whoever wins the election impact the printing of new SBLC licenses?

39:50 Why isn’t there a private version of the SBA 7a loans program? Is that a potential contingency plan for the industry if it goes south?

This episode is sponsored by:

Lumos Data

Lumos empowers your small business lending growth with cutting-edge analytics and streamlined applications that optimize your performance.

If you're ready to take your small business lending to the next level with cutting edge analytics visit lumosdata.com.

Rapid Business Plans

Rapid Business Plans is the go-to provider of business plans and feasibility studies for government guaranteed small business lenders.

For more information, or to set up a Get Acquainted call go to http://www.rapidbusinessplans.com/art-of-sba

Loving The Art of SBA Lending episodes? Make sure to follow along with our sister shows, The BDO Show and SBA Today with the links below and sign up for our weekly sales advice email series, Sales Ammo!

https://youtube.com/playlist?list=PLy96bxmDpxgc_Xe8QV5cRxx3Ov4G2-OLX&si=LKPyAmIHZ47Yepef

https://www.youtube.com/@theartofsbalending

https://www.artofsba.com/army-of-bdos

Head to www.artofsba.com for more information and to sign up for our must-read monthly newsletter to stay up to date with The Art of SBA Lending.