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.
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.
One of the most popular ways to become a business owner is to acquire an existing business. There are many advantages to acquiring an existing business which I will highlight below. Is Buying The Best Option But first, it’s worth saying that prior to acquiring a business you should conduct a financial analysis to determine …
Acquire Business With SBA 7(a) Loan Program One of the most popular ways to become a business owner is to acquire an existing business. And the easiest way to qualify for financing is through the SBA 7(a) program. Before I highlight the advantages of the 7(a) program, I’d first like to raise the point that …
Finance Ground Up Construction Often business owners will want to acquire raw land and build or improve an existing commercial building to suit their unique business model and company culture. The SBA 504 and 7a Loan Programs are designed perfectly to meet this purpose. If you are currently contemplating whether to buy raw land to …
Pre-Payment Penalty Trap Many small business owners are unfamiliar with pre-payment penalties associated with purchasing or refinancing commercial real estate through the SBA 504 or 7(a) guaranteed loan programs. So let me educate you on what they are and how you can avoid the pre-payment penalty trap. A pre-payment penalty is a fee charged by …
What Is A Multi-Purpose Property As its name implies, a multi-purpose property is commercial real estate comprised of improved land with a building that has multiple purposes or uses as opposed to buildings that have a single-purpose or use. The primary determining factor whether a property is considered multi-purpose has to do with the design …
Single Purpose Property As its name implies, a single-purpose property is commercial real estate comprised of improved land with a building that has a single purpose or use as opposed to a building that has a multi-purpose or use. The primary determining factor whether a property is considered single-purpose has to do with the design …
Who Is Required To Guaranty SBA Loan It’s important to understand that the applicant or borrower of an SBA guaranteed loan is the business, not the individual owners of the business. Therefore, the business is primarily responsible to pay back the loan which is why this repayment source is referred to as the primary source …
SBA 7(a) Rates One of the first questions business owners ask when applying for a loan is what is the interest rate. In this episode of SBA FM you will learn how SBA 7(a) guaranteed loan interest rates are determined and what to expect in your own situation. SBA 7(a) guaranteed loan interest rates are …
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 …
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 …
