SBA Lending Challenges
Navigating the complexities of SBA lending can be a daunting task. One misstep could jeopardize a deal, leading to significant stress for all parties involved. The conversation highlights the critical role that effective communication and understanding play in ensuring successful transactions.In this clip
From this podcast
Acquiring Minds
Buying a Business to Build a Life | Dan Drake Interview
Related Questions
Is the current surge in business buying and the 'silver tsunami' a bubble now that SBA lending is shut down and small business deals are temporarily on hold? SBA lending is essentially the government printing money and introducing it into the economy while collecting interest over a 10-25 year term, often at a variable rate tied to prime. Many of these boomer businesses were bootstrapped, so the sale represents a significant step up in basis. Is there something to this? Or is it a big step up but not a bubble?
Do you need industry experience to qualify for an SBA loan as discussed in the episode One Acquiring Minds Guest Buys Another | Adrian Pinto & Mike Botkin Interview and the clip SBA Loan Insights?
Do you need industry experience to qualify for an SBA loan?