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SBA 7(a) Loan Program

Blog posts and podcast episodes organized to make it easy to access all you need to know how to successfully apply for an SBA 504 loan.

Blog posts and podcast episodes organized to make it easy to access all you need to know how to successfully apply for an SBA 504 loan.

SBA collateral assignment of life insurance

Collateral Assignment of Life Insurance Requirement For SBA 7(a) & 504 Loan Programs

September 16, 2021 by Ryan Smith

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 …

Read moreCollateral Assignment of Life Insurance Requirement For SBA 7(a) & 504 Loan Programs
SBA loan 7(a) start to finish

SBA 7(a) & 504 Real Estate Loan Application From Start To Funding

March 16, 2021 by Ryan Smith

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 …

Read moreSBA 7(a) & 504 Real Estate Loan Application From Start To Funding
SBA loan 7(a) start to finish

SBA 7(a) Business Acquisition Loan Application From Start To Funding

January 13, 2021 by Ryan Smith

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 …

Read moreSBA 7(a) Business Acquisition Loan Application From Start To Funding

SBA 7(a) Business Acquisition Loan Series – Seller Discretionary Earnings

November 26, 2020 by Ryan Smith

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 …

Read moreSBA 7(a) Business Acquisition Loan Series – Seller Discretionary Earnings
science of sba loan approval thinksba my sba loan pro podcast

The Science of SBA Loan Approval

October 10, 2020 by Ryan Smith

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 …

Read moreThe Science of SBA Loan Approval

Why The SBA 7(a) Loan Program Is The Best Financing Option To Buy-Out A Partner

September 21, 2020 by Ryan Smith

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, …

Read moreWhy The SBA 7(a) Loan Program Is The Best Financing Option To Buy-Out A Partner
sba 504 and 7a real estate appraisal report explained thinksba

The Commercial Appraisal Report

August 19, 2020 by Ryan Smith

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 …

Read moreThe Commercial Appraisal Report
sba loan podcasts

SBA Loan Update August 8, 2020

August 8, 2020 by Ryan Smith

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 …

Read moreSBA Loan Update August 8, 2020
sba landlord lien subordination and access agreement

The Landlord Lien Subordination And Collateral Access Agreement

August 7, 2020 by Ryan Smith

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 …

Read moreThe Landlord Lien Subordination And Collateral Access Agreement
sba standby creditors agreement

SBA Standby Creditor’s Agreement Form 155

July 23, 2020 by Ryan Smith

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 …

Read moreSBA Standby Creditor’s Agreement Form 155
sba gift letter 7(a) and 504 loans

The Gift Letter

July 22, 2020 by Ryan Smith

The Gift Letter There are many instances where borrowers applying for an SBA loan to purchase real estate, acquire a business or franchise or obtain working capital for growth do not possess the required 10% minimum equity injection. The good news is that the SBA permits the applicant to receive a monetary gift to assist …

Read moreThe Gift Letter
SBA Form 159 Fee Agreement

SBA Fee Disclosure and Compensation Agreement Form 159

July 19, 2020 by Ryan Smith

Form 159 November 1st, 2018 the SBA combined SBA Form 159(7a) and SBA Form 159(504) into one form known simply as Form 159. Form 159 requires applicants to disclose services and fees charged by an Agent hired in connection with applying for an SBA loan whether a 7(a) or 504. The purpose of this form …

Read moreSBA Fee Disclosure and Compensation Agreement Form 159
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