Martinka Consulting's Getting the Deal Done Podcast SBA Loan Changes with Lisa Forrest with Live Oak Bank
4 snips
Jun 12, 2023 Lisa Forrest with Live Oak Bank discusses the sweeping changes in the May 2023 SBA Standard Operating Procedures. Basics of SBA 7A loan business acquisition loan and changes to life insurance requirements, buyer equity injection, seller equity post-close, and the seller's role post-close are discussed. This podcast will make you quite knowledgeable about SBA loans.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 3min
Types of Collateral and Securing Cash Flow Loans
03:15 • 2min
Details of SBA Loans, Maximum Amount, and Interest Rates
05:16 • 2min
Understanding Preferred Lenders and Underwriting Process for SBA Loans
07:34 • 21min
Standards for Debt Coverage Ratio and Risks and Opportunities for Business Acquirers and Entrepreneurs
29:03 • 2min
Bank Requirements, Personal Guarantees, and Market Conditions
30:43 • 4min