ThinkSBA
SBA Loans in San Diego, Orange County and Los Angeles
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 leveraged by commercial lenders as a risk mitigation tool for loan applicants of privately …
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 as necessary to complete all steps in the process. The next logical question is what …
The Million Dollar Question 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 as necessary to complete all steps in the process. The next …
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 coverage ratio which ultimately determines whether a loan application is approved or declined. Common …
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 missed a critical step or piece of information that inevitably prevents them from closing the …
Navigating the SBA loan program and application process is 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 for short. The SOP is a 400 page document filled with industry jargon and references. …
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 is for you. In this podcast I reveal the science of obtaining SBA loan approval. That’s right, being approved for an SBA loan is a …
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 most likely to experience an interruption or even worse, the ceasing of operations altogether, …
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 real estate appraisal report which includes the “as is” value of the subject property on the day it’s delivered to the lender. Every loan applicant needs to know …
The World of SBA :46 SBA Lenders are actively approving 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 two of those three weeks 25 year fixed Interest rates are as low as 2.9% for SBA 7(a) real estate …
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 Agreement Parties to the agreement include the SBA Lender, who is referred to as the Lender, the …
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 Seller, referred to as the Standby Creditor, to mitigate three fundamental credit weaknesses in …
