SBA 504 Rates: Understanding Current Trends and Impact on Small Business Financing
The SBA 504 Loan Program is designed to support small businesses seeking long-term financing for significant fixed assets
SBA 504 Loan Program
All you need to know about the SBA 504 Loan Program.
All you need to know about the SBA 504 Loan Program.
SBA Loan Legal Closing Process with Attorney Scott Oliver | Ep. 10 | My SBA Loan Pro Podcast
Join Ryan Smith, Principal and Founder of ThinkSBA and Attorney Scott Oliver with Lewis & Kappes as they delve into the intricacies of the SBA loan legal closing process, recent SOP changes, and the crucial role lender legal counsel plays in ensuring lender compliance. Gain valuable insights into Landlord Lien Waiver and Collateral Access Agreement, …
SBA Loans for Eco-Friendly Projects
In an era where sustainability and environmental responsibility are paramount, Small Business Administration (SBA) loans are supporting companies dedicated to green initiatives. From innovative energy-efficient startups to eco-friendly product lines, there are many types of companies that can get SBA loans, specifically SBA 504 green loans. These loans are particularly beneficial for eco-friendly projects that …
SBA 504 Green Loan Program Explained With Sol Rosenbaum | Ep. 7 | My SBA Loan Pro Podcast
Ryan Smith, Principal and Founder of ThinkSBA, sits down with Saul Rosenbaum of SR Engineering and Consulting, a seasoned mechanical engineer with over two decades of experience in energy engineering. Discover how Saul’s firm assists business owners in navigating the complexities of the SBA 504 Green program through meticulous assessments and engineering support. Learn about …
SBA Business Plans Made Easy With Bethany McClellan President of Rapid Business Plans
Join our Host Ryan Smith, Principal and Founder of ThinkSBA, as he interviews Bethany McClellan, President of Rapid Business Plans. Bethany dives into the world of crafting SBA ready Business Plans and Feasibility Studies removing anxiety from SBA loan applicants. Discover how Bethany’s journey from corporate sales to entrepreneurship led to a thriving agency, assisting …
Best Practices To Lease and Purchase Owner Occupied Real Estate With CRE Broker Bryan Geisbauer
Welcome to another insightful episode of the My SBA Loan Pro Podcast Face To Face! In this episode Ryan Smith, Principal and Founder of ThinkSBA, engages in an insightful discussion with Bryan Geisbauer, a seasoned Tenant Representative and Commercial Real Estate Broker with Kidder Matthews. Brian leverages his 20 plus years experience, to level the …
Benefits of SBA 7(a) And 504 Loans To Purchase Real Estate
SBA Loans To Purchase Real Estate Small businesses often struggle to obtain the necessary funding to start, maintain, or grow their operations. One way that the US government supports small businesses is through the Small Business Administration (SBA) loan program. SBA loans provide small business owners with access to affordable and flexible financing options that …
Buy a Car Wash With An SBA 7(a) or 504 Loan
If you’re interested in purchasing a car wash with an SBA loan, here are some steps you can take: Purchasing a car wash with an SBA loan can be a complex process, but it can also provide an opportunity to acquire a profitable and established business. Be sure to work with professionals, such as accountants …
SBA Financing For Residential Care Facilities For The Elderly
Residential Care Facilities for the Elderly (RCFE’s) have become the housing model of choice for our senior population and their loved ones due to the fact that many require increased accessibility, social connectivity, and medical support services that living at home simply cannot provide. As the name implies, RCFE’s, also called assisted living facilities, are …
Collateral Assignment of Life Insurance Requirement For SBA 7(a) & 504 Loan Programs
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 …
SBA 7(a) & 504 Real Estate Loan Application From Start To Funding
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 Commercial Appraisal Report
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 …