Thinking about using an SBA loan to become a business owner? In this episode, we break down the three most common paths: starting an independent business, opening a franchise, or buying an existing business.
▶️You’ll learn:
➡️Which option is easiest to finance
➡️How lenders evaluate each type of deal
➡️SBA down payment and liquidity requirements
➡️Business plans and financial projections
➡️How lenders evaluate experience and credit
➡️Why business acquisitions can be easier to finance
➡️Working capital and collateral requirements
➡️Business valuations and seller financing
➡️Common mistakes first-time borrowers make
Whether you're considering a startup, a franchise, or a business acquisition, this episode will help you understand what lenders look for before you apply for SBA financing.
🎙️ Hosted by Ryan Smith
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What is My SBA Loan Pro Podcast?
Applying for an SBA loan can be stressful , grueling and confusing — does this sound familiar? Don’t worry, SBA Pro and Host of the My SBA Loan Pro podcast Ryan Smith, reveals valuable insights and best practices regarding the SBA loan program and application process. Don’t take another step on your SBA journey until your equipped to make sound and informed decisions at every turn. Start listening today!