FAQ

ThinkSBA is a one-of-a-kind Loan Advisory, Analytics, and Brokerage firm serving privately held, family-owned small businesses and entrepreneurs who are purchasing real estate, acquiring a franchise or business or are seeking working capital to expand or start a business.

We bring unmatched experience in structuring SBA Guaranteed Loan facilities for our clients.

Our core values are transparency, speed, and accuracy.

We specialize in assisting our clients with SBA 7(a) Business Acquisition, Partner Buy-out and Partial Change of ownership loans, SBA 504, and Conventional Owner-Occupied Real Estate Loans.

Our standard fee outlined in the fee agreement is 1% of the gross loan amount. The fee is considered earned after the loan funds, not before. That means we do not charge an upfront fee of any kind. Our goal is aligned with your goal to ensure we are both working together in good faith striving for the same outcome!

• We’ll connect to learn more about your financing needs.
• With the information we have, we’ll advise you of your options.
• We’ll devise a strategy to proceed with our plan.
• We’ll present your file to multiple banks.
• We’ll leverage our network to gain multiple offers.
• We’ll strategically negotiate to achieve the best possible financial solution for you.

The time it takes between submitting a full loan package to the funding of the loan is typically 45 – 60 days. This largely depends on how quickly you, the loan applicant, responds to questions and requests for documents, signatures etc. There are also other factors including the lenders deal flow, stimulus packages, staffing etc.

Also, I have two podcast episodes that address this question in more detail.

• Business Acquisition
• Real Estate Purchase Timeline

• We review the file to look for challenges to seeking capital. We present the loan to the bank to make their lives as easy as possible by eliminating issues before they come up in underwriting. The end result is that you have more offers in less time.
• If you only work with one bank, you might run into the issue of the bank turning down the loan, meaning you’ll have to start the entire process over with another banks. Gaining multiple offers at once reduces this occurrence.
• If there is a challenge that eliminates traditional financing or time is of the essence, we have in house private capital that can provide the needed solution. We will create a bridge loan to help close the deal and keep your business moving forward.

We partner with strategic lenders nationwide to find the best loan that benefits our clients.

Utilizing ThinkSBA will connect your business with financing experts who go to work for you providing multiple options. When you go with one bank, you typically only get one or no offer. You lose the power of negotiation and the option to choose which offer is best suited for your business. When you are not approved, you must start the process all over again with a new bank. Working with ThinkSBA will put you in a stronger position to seek the best financing solution for your business.

• We know how the banks underwrite their loans based on our experience. Having experts preparing your file and presenting the loan in the best light. This strategy reduces the chance of future challenges delaying the funding of the loan.
• When the problem is such that no bank will provide financing, we have in house private capital to provide our clients the solutions they are seeking.

We help our clients refinance their loans at maturity. We go to work to find you the best terms that meet your new financing goals. Our business is built to serve all the needs of our clients.

We are a specialty nationwide finance brokerage. We are not a direct lender.

Yes, in fact, we are with you throughout the entire process. This means we are communicating with the lender and you to make sure everyone is on the same page until the loan funds.

Yes, this happens sometimes. Don’t worry, we work with you to ensure that more options are always ready to proceed so that if the chosen lender isn’t able to perform, there is another lender ready to pick up and run with your loan application. Always being prepared for unexpected challenges is one of the advantages of working with ThinkSBA.

A safe rule of thumb is 10% – 20% down payment. However, the SBA provides various alternatives to make access to funding equitable for all who qualify.

Let’s chat to learn more about you and your business. We will discuss the different solutions we recommend.

• We leverage our wide network of banks who provide us preferred rates due to our volume of loans.
• We receive multiple offers from presenting the loan to multiple banks at once.
• We keep the banks honest by having multiple offers.
• We negotiate the fees and rates on behalf of our clients.
• We have information that our clients might not be aware of, where we can reduce expenses.

A quarter to two percent on their interest rate, plus the removal of different bank transaction fees can save you thousands over the term of the loan.