SBA Loans: Do's and Don'ts

Description

Could a government shutdown put your small business dreams on hold? Unravel the complexities of SBA loans with Jonathan Fodera and Joseph Viccor, as they shed light on how these government-backed lifelines operate and the potential delays you might face during a shutdown. This episode breaks down the loan structure, explains why SBA loans aren't doled out by the government itself, and how banks play a pivotal role in the process. The team at Integrated Entrepreneur is here to ensure you're matched with the right lender, navigating you through potential shutdown-induced hurdles with ease.

Next, Jonathan and Joseph dive into strategic maneuvers to extract the most value from your SBA loans. From debt consolidation to business acquisitions, they explore the optimal times to leverage these loans. With practical examples at your fingertips, you'll grasp the nuances of financing duration aligning with asset lifespans and the significant role of net profit in loan qualifications. Craving a deeper understanding of para-pursuit loans? This episode has got you covered, as it uncovers the potential for exceeding the SBA's $5 million cap and why owning property might just be your golden ticket to better loan terms.

Finally, embark on a journey through the art of securing SBA loans directly with banks, bypassing the pitfalls of intermediaries. This episode is your comprehensive guide to mastering SBA loans, packed with insights to empower your entrepreneurial journey.

Key highlights:

SBA loans are guaranteed by the government, making them less risky for banks.
Different banks have varying appetites for SBA loans based on business types.
The government shutdown has delayed SBA loan processing times.
SBA loans are often the cheapest financing option for small businesses.
The 7A loan is typically used for working capital, while the 504 loan is for real estate.
Consolidating debt with an SBA loan can be beneficial, but not for all types of debt.
Transparency with lenders is crucial for successful loan applications.
Understanding the value of a business is key when seeking SBA financing.
The beta program offers quicker access to funds based on revenue rather than profit.
Working with trusted sources can significantly impact the success of obtaining an SBA loan.

🎙️🚨 PODCAST GIVEAWAY 🚨🎙️

Apple Podcast: https://podcasts.apple.com/us/podcast/the-integrated-entrepreneur/id1721945867

Spotify: https://open.spotify.com/show/44djZ5wR9cyqTAKJs8DyEX

Subscribe to the podcast and email proof of subscription to jviccora@integratedbusinessfinancing.com.

🎁🏆 PRIZES 🏆🎁

🥇 Capital Tools Program ($1,999.00).

🥈 Business Strategy Session ($1,000.00).

🥉 Merch (Tees, Hats etc.).

🏅 Join us on the show.

Apple Podcast

Spotify

Also Check out: