SBA Financing Made Simple

The Deal Board

Welcome to another episode of The Deal Board Podcast. This time, Andy and Jessica, your hosts, are welcoming two of the top SBA business lending experts, John Wahl and Lynn Ozer, who are explaining some of the basics, including what is SBA financing, how is it used, and what business financing in general looks like in our current environment.

Listing of the week: The team of Transworld Business Advisors from Oregon Central is sharing one amazing listing: An e-commerce business in the outdoor power sports industry that has been in business for over 20 years. It is making $5 million per year and $600,000 in EBITDA. The asking price is $3.5 million. Completely turn-key. Great scalable opportunity. Call Lonnie Woodruff at [phone] or email [e-mail].

Key takeaways:

[4:52] John Wahl (Live Oak Bank).

[5:18] What is business financing?

[7:36] How do you know if you are qualified for SBA financing?

[8:13] John describes some of the eligibility requirements for an SBA loan.

[9:43} John talks about the state of the union when it comes to business financing and acquisition.

[12:50] Jessica and John talk about the importance of having a specialist by your side when looking for SBA financing.

[14:51] John shares about Live Oak Bank and the kind of SBA financing they offer.

[15:14] John talks about the SBA 504 and 7(a) programs.

[16:23] How do buyers start engaging in this process? How do they know if they qualify for SBA financing?

[19:55] John expands on Live Oak and the programs they offer.

[21:55] Deal of the week: Aaron Fox (Boston) sold a pediatric office focused on mental health as a behavioral help facility. Twenty-eight therapists working, following all legal regulations. They were making $1 million in revenue, sold at $785,000.

[26:06] Lynn Ozer from MultiFunding explains what makes her an expert.

[28:40] Lynn talks about the current SBA programs available.

[30:35] What does it take to get an SBA loan?

[36:50] How much experience does a new buyer need?

[38:14] Lynn talks about the collateral.

[39:04] Andy and Lynn talk about the special circumstances that happened in these past couple of years and how they affected valuations.

[42:15] Why should someone choose a company like MultiFunding?

[46:27] Listing of the week: The team of Transworld Business Advisors from Oregon Central is sharing one amazing listing: An e-commerce business in the outdoor power sports industry that has been in business for over 20 years. It is making $5 million per year and $600,000 in EBITDA. The asking price is $3.5 million. Completely turn-key. Great scalable opportunity.

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