Ryan Smith, Principal and Founder of ThinkSBA and host of the My SBA Loan Pro Podcast, sits down to share his journey from a banking background to becoming a highly successful, niche SBA loan broker. In this deep-dive, Ryan discusses how a single declined loan was the catalyst for starting his own business, why he chose to focus exclusively on SBA loans, and the massive advantages of being a specialized expert versus a generalist. He also offers invaluable advice for small business owners and acquisition entrepreneurs on navigating the complex world of SBA lending and how he ensures his clients get the lowest interest rate and best terms for which they qualify.
Key Takeaways: • The moment a single loan decline led to the creation of ThinkSBA. • Why niching down from "Holistic Lending" to SBA was the crucial decision for success. • The advantage of being the "Speedboat" that can pivot quickly, unlike the "Titanic" big banks. • How his personal experience of acquiring a business and signing a $5 million SBA loan adds unmatched credibility. • Why the market is shifting from real estate to business acquisition and franchising. • Powerful strategies for using the SBA 504 loan program to buy real estate with zero capital injection. • The future role of AI in enhancing analysis to free up human talent for revenue-generation. • The importance of a client-first culture and why bigger isn't always better for service quality. If you're looking to finance a business acquisition, buy commercial real estate, or just want expert advice on SBA lending, this episode is a must-watch!
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!
