Welcome to SBA Today, presented by Res Title, your SBA Title Experts for the week of September 1st. Paul Long and Tonya Mazurek are back together to discuss the latest news and trends affecting the SBA world.
In this episode, you'll hear about:
New Fees and Fee Waivers for Manufacturers: New fee waivers for manufacturers in NAICS Sectors 31-33. For 7(a) loans of $950,000 or less, the upfront fee will be 0%. For 504 loans to manufacturers, both the upfront guaranty fee and the annual service fee will also be 0%.
The "Debanking" Executive Order: A new Fair Banking Executive Order requiring every bank and credit union to respond to questions about whether they have rejected any person based on political or religious beliefs and to invite them back for business.
Market Slowdown and New Rules: BizBuySell Q2 Insight Report shows that dealmaking is slowing amid tighter SBA lending and stricter underwriting.
Buyer Awareness: Paul and Tonya discuss the report's finding that while 68% of buyers are considering an SBA loan, more than half (55%) are unaware of recent changes. They debate the meaning of "pre-qualified" in the context of SBA loans, with Tonya arguing that it's our job as lenders to know the rules, not the buyer's.
Tune in live every Tuesday morning on LinkedIn and YouTube. You can also catch our family of podcasts: the BDO Show and Art of SBA Lending.
This episode is sponsored by: Res/Title
Res/Title, your "One Stop Shop for SBA closings". We're your commercial title and closing company that provides you with the tools and technology to give you an instant quote and Al property reports on any deal in the nation. Whether it's for $35,000 or $35 Mil, we handle closings anywhere in the nation with one point of contact. Get started today! www.res-title.com
⚠️ Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. ⚠️
