ThinkSBA
ThinkSBA is a Nationwide SBA 504 and 7a Loan Brokerage serving small business and entrepreneurs purchasing owner occupied real estate, acquiring a business or franchise or buying out a partner.
My SBA Loan Pro E-2 Visa Eligiblity 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. The Application must contain assurance that management is expected to …
Cash Injection Requirement 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 …
SBA 7(a) Loan Program To Purchase Real Estate 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 …
Business Plan The simple answer is yes you do. The purpose of the business plan is twofold. Number one, it demonstrates to potential lenders your fitness as a business owner and entrepreneur to develop and execute a winning business strategy. Number two, it provides these same lenders the information they require to make an informed …
SBA 504 Loan Program 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 …
Financial Projections Yes, you do need financial projections. Financial projections provide potential lenders the information they require to make an informed decision regarding the future financial success of your new venture. You need to know these three things to ensure your financial projections are acceptable to the lender. First, your financial projections must span a …
Starting, operating and growing a business is no easy task. In fact, most entrepreneurs fail to build a sustainable business and quit. For those entrepreneurs who succeed, they find themselves faced with an exciting but tough decision. Is it better to lease or own their office space? Like many decisions, there are positives and negatives …
You may have heard the term SBA loan but haven’t a clue what it means. Don’t worry, you’re not alone. Hello, my name is Ryan Smith, Principal Broker and Founder of ThinkSBA. I help business owners and entrepreneurs obtain the capital they need to grow or start their business. Truth About The SBA An SBA …
Qualifying for a Small Business Administration (SBA) guaranteed loan requires the added first step of determining whether you and your company meet the SBA’s eligibility requirements. Knowing whether you meet the eligibility requirements can be complicated but don’t worry, we’ve made it simple by listing common causes for individuals, businesses and use of proceeds to …
All You Need To Know About Collateral The answer to this question is yes and no. The reason why it isn’t black and white is because it largely depends on a few variables. So let me bring some clarity to this question. If you are requesting a working capital loan less than $350,000 then it’s …
SBA Loan Timing There are many factors that determine how long it takes to apply for and close an SBA guaranteed loan. These factors include the experience and competence of your banker, the banks loan pipeline density at the time of your application, sufficient staffing levels, the banks internal processes including whether the bank uses …
SBA Guaranteed Loan The SBA, or Small Business Administration, is a Federal Government Guarantee Program that incentivizes banks to make loans to businesses who would otherwise not qualify for various reasons, such as, lack of time in business, experience or personal liquidity, or poor credit history etc. The SBA incentivizes partner banks by guaranteeing between …
