My SBA Loan Pro Podcast

Ryan Smith
  • 5.0 (9)
  • BUSINESS
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My SBA Loan Pro Podcast 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!

  1. MAY 17

    SBA 7(a) Pari Passu Lending To Acquire A Business With Bruce Marks | Ep. 9 | My SBA Loan Pro Podcast

    Bruce Marks has made a career out of mastering lower middle market business acquisition financing by leveraging the SBA 7(a) loan program coupled with a Pari Passu conventional loan for loan requests that exceed the SBA's $5 Million borrowing limit. In this Episode Bruce pulls back the curtain revealing how to structure a Pari Passu loan for success by diving deep into risk assessment, the searcher, the target business along with working capital, quality of earnings report, debt service coverage ratio and a whole lot more. If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://twitter.com/mysbapro LinkedIn: https://linkedin.com/in/ryanpatryck Link to full episode: https://youtu.be/Q_7uIW6auD4 ⁠More ThinkSBA Resources ⁠⁠⁠⁠https://calendly.com/thinksba⁠⁠⁠⁠ - Schedule Call ⁠⁠⁠⁠https://g.page/thinksba⁠⁠⁠⁠ - Google Business Page & Reviews ⁠⁠⁠⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions ⁠⁠⁠⁠https://mysbaloanpro.com⁠⁠⁠⁠⁠ - My SBA Loan Pro Podcast ⁠⁠⁠⁠https://youtube.com/@thinksba⁠⁠⁠⁠ - YouTube Channel

    1h 20m

  2. MAY 14

    How To Properly Apply For An SBA Working Capital Term Loan

    Working capital has many meanings and definitions depending on the application of funds. For the purpose of this podcast, I will define working capital as capital provided to a business to fund tangible recurring business expenses or capital expenditures. Working Capital For Growth As an SBA Loan Broker, I often receive inquiries from SMB owners for working capital to fund the growth of their business. Their definition of working capital is the transfer of funds from the lender's bank account to their bank account without any strings attached. This is not the definition of working capital. Let's set the record straight. Banks provide working capital to fund specific uses such as the purchase of equipment, furniture, fixtures, tenant improvements and fixed expenses such as rent, utilities, maintenance, and employee wages. Therefore, it is important to understand that in preparing your application to submit to SBA lenders, you will need an itemized list of what we call "Use of Proceeds." Just as it implies, the phrase "use of proceeds" simply means identifying the tangible items the funds will be used for by the borrower. To be crystal clear. When a borrower is requesting working capital for growth, they should not expect the funds to be sent to them without providing a detailed use of proceeds. Working Capital To Acquire a Business When applying for an SBA loan to acquire a business, lenders will nearly always provide working capital to sustain the borrower through the transition of the business. This typically includes working capital to pay up to 90 days of fixed expenses and what I refer to as "free working capital," which means the ability to spend the capital without strings attached. This amount of free working capital is normally small compared to the larger amount used for tangible capital expenditures or recurring fixed expenses. You Are Ready To Apply Now that you know how to properly prepare your application, you can successfully apply for working capital to grow your existing business or successfully transition a newly acquired business. If you liked this content, let's connect on social media: Instagram: ⁠⁠⁠https://instagram.com/mysbapro⁠⁠⁠ Twitter: ⁠⁠⁠https://x.com/mysbapro⁠⁠⁠ LinkedIn ⁠⁠⁠https://linkedin.com/in/ryanpatryck More ThinkSBA Resources ⁠⁠⁠⁠https://calendly.com/thinksba⁠⁠⁠⁠ - Schedule Call ⁠⁠⁠⁠https://g.page/thinksba⁠⁠⁠⁠ - Google Business Page & Reviews ⁠⁠⁠⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions ⁠⁠⁠⁠https://mysbaloanpro.com⁠⁠⁠⁠⁠ - My SBA Loan Pro Podcast ⁠⁠⁠⁠https://youtube.com/@thinksba⁠⁠⁠⁠ - YouTube Channel

    4 min

  3. MAY 9

    SBA Loan Default Insights And Strategies with John Homan | Ep. 8 | My SBA Loan Pro Podcast

    Join Ryan Smith, Principal and Founder of ThinkSBA, as he sits down with John Homan, esteemed SBA Loan Workout Specialist. John shares valuable insights into the intricacies of SBA loan defaults, including how to avoid defaulting, how lenders respond to non-payment to mitigation strategies. Discover how to safeguard your assets, negotiate settlements, and overcome challenges, all while maintaining a positive outlook. Don't miss this empowering discussion tailored for SBA loan guarantors facing defaulting on their loan payments. If you liked this content, let's connect on social media: Instagram: ⁠⁠https://instagram.com/mysbapro⁠⁠ Twitter: ⁠⁠https://x.com/mysbapro⁠⁠ LinkedIn ⁠⁠https://linkedin.com/in/ryanpatryck Chapters: 00:00 Introduction 00:29 - John's Bio 2:25 - Types of Loans 5:06 - Common Issues with SBA Loans 8:54 - Personal Guarantees and Collateral 10:53 - Asset Protection Strategies 12:29 - Handling Default and Settlements 16:22 - Repossession and Foreclosure 24:33 - Finding Help for SBA Loan Default 27:00 - Lender Aggressiveness 28:02 - Success Stories 31:21 - Due Diligence for SBA Loans 34:07 - Assessing Business Opportunities 37:02 - Contact John Link to full episode: https://youtu.be/w0S0tgSccTQ?si=BiYYCUf-5GwnUPEw ⁠More ThinkSBA Resources ⁠⁠⁠https://calendly.com/thinksba⁠⁠⁠ - Schedule Call ⁠⁠⁠https://g.page/thinksba⁠⁠⁠ - Google Business Page & Reviews ⁠⁠⁠https://thinksba.com/faq⁠⁠⁠ - Frequently Asked Questions ⁠⁠⁠https://mysbaloanpro.com⁠⁠⁠⁠ - My SBA Loan Pro Podcast ⁠⁠⁠https://youtube.com/@thinksba⁠⁠⁠ - YouTube Channel

    41 min

  4. APR 30

    SBA 504 Green Loan Program Explained With Sol Rosenbaum | Ep. 7 | My SBA Loan Pro Podcast

    Ryan Smith, Principal and Founder of ThinkSBA, sits down with Sol Rosenbaum of SR Engineering and Consulting, a seasoned mechanical engineer with over two decades of experience in energy engineering. Discover how Sol's firm assists business owners in navigating the complexities of the SBA 504 Green program through meticulous assessments and engineering support. Learn about the two primary pathways—energy efficiency and renewable energy—and explore real-world case studies showcasing the tangible benefits for business owners. If you liked this content, let's connect on social media: If you liked this content, let's connect on social media: Instagram: ⁠https://instagram.com/mysbapro⁠ Twitter: ⁠https://x.com/mysbapro⁠ LinkedIn ⁠https://linkedin.com/in/ryanpatryck Chapters 0:00 - Introduction 01:14 - Sol's bio 02:41 - Qualifications & Program Requirements 03:43 - SBA Expectations 06:08 - Explaining SBA's 504 Guarantee Program 08:43 . Engagement Process & Data Collection 14:02 - Energy Efficiency vs. Renewable 15:53 - Geographic Considerations 18:26 - Structural and Municipality Concerns 19:30 - Timelines and Process for Report Preparation 24:37 - Case Studies 30:46 - Connect with Sol Link to full episode: https://youtu.be/c8RpLw9Vo2M?si=dd5TOeUZx2VnxsTl ⁠More ThinkSBA Resources ⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call ⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews ⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions ⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast ⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel

    33 min

  5. APR 15

    SBA Business Plans Made Easy With Bethany McClellan President of Rapid Business Plans

    Join our Host Ryan Smith, Principal and Founder of ThinkSBA, as he interviews Bethany McClellan, President of Rapid Business Plans. Bethany dives into the world of crafting SBA ready Business Plans and Feasibility Studies removing anxiety from SBA loan applicants. Discover how Bethany's journey from corporate sales to entrepreneurship led to a thriving agency, assisting clients in various industries from gas stations to professional services. If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://x.com/mysbapro LinkedIn https://linkedin.com/in/ryanpatryck Chapters0:00 - Introduction 1:15 - Bethany's Bio 5:45 - Business Plan Process 7:52 - Information Needed 8:45 - Uncovering Valuable Insights 13:18 - Feasibility Study Breakdown 17:20 - Industries Served 18:23 - Being the Boss 20:45 - Future Growth Plans 22:04 - Bank & Underwriter Interactions 24:08 - What Makes a Good Client? 25:20 - Clients served 26:39 - Contact Bethany Link to full episode: https://youtu.be/k8szIEHUAgs?si=Y0I-jXWeqftWQb8P More ThinkSBA Resources ⁠https://calendly.com/thinksba⁠ - Schedule Call ⁠https://g.page/thinksba⁠ - Google Business Page & Reviews ⁠https://thinksba.com/faq⁠ - Frequently Asked Questions ⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast ⁠https://youtube.com/@thinksba⁠ - YouTube Channel

    29 min

  6. MAR 29

    Purchase Order Financing Factoring & Asset-Based Lines of Credit for B2B Businesses with Fernando Ponce

    In this episode of the My SBA Loan Pro Podcast Face to Face, Ryan Smith, Principal & founder of ThinkSBA sits down with Fernando Ponce, Business Development Officer at Primary Funding, a non-traditional lending source based in San Diego, California specializing in Purchase Order Financing, Factoring and Asset-Based Lines of Credit. Learn how non-traditional lending can bridge the gap for B2B businesses who are unable to secure traditional financing due to negative historical cash flow, tightening of debt markets or spontaneous rapid growth. If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://twitter.com/mysbapro LinkedIn: https://linkedin.com/in/ryanpatryck 00:00 - Introduction 01:11 - Fernando Ponce's Bio 04:20 - Primary Funding's Role 06:57 - Types of Financing Offered 11:36 - Factoring as a Financing Solution 12:15 - Transparency and Flexibility in Financing 15:47 - Industry Challenges and Red Flags 23:42 - Business Funding Process 26:22 - Industries Eligible for Funding 29:51 - Challenges in Closing Credit Facilities 31:13 - Importance of Transparency 37:30 - When and How To Contact Fernando Link to full episode: https://youtu.be/0Y8x32Y6xsM?si=Uj9vSNG1WMkPb20- More ThinkSBA Resources ⁠https://calendly.com/thinksba - Schedule Call https://g.page/thinksba - Google Business Page & Reviews https://thinksba.com/faq - Frequently Asked Questions https://mysbaloanpro.com⁠ - My SBA Loan Pro Podcast https://youtube.com/@thinksba - YouTube Channel

    40 min

  7. MAR 27

    Family-Owned Commercial Real Estate: Transition, Succession and Exit Planning With Glenn Arnold

    In this episode of The My SBA Loan Pro Podcast Face to Face Glenn Arnold with Voit Real Estate reveals transition, succession and exit strategies for privately held, family owned business owners who also own the real estate. Glenn Arnold is a Real Estate Broker who's been representing buyers and sellers of owner occupied real estate for thirty years. If you liked this content, let's connect on social media: Instagram: ⁠https://instagram.com/mysbapro ⁠ Twitter: ⁠https://twitter.com/mysbapro⁠ LinkedIn: ⁠https://linkedin.com/in/ryanpatryck⁠ Chapters 00:00 - Introduction 00:37 - Meet Glenn Arnold 1:28 - Buying vs Leasing 2:48 - Reasons to Consider Owning 4:01 - CPA Input 4:38 - Potential Tax Efficiencies 4:51 - Occupancy Cost Comparison 7:27 - Steady & Predictable Growth 8:07 - Down Payment Considerations 10:33 - Short-Term Business Ownership 12:26 - Cash Flow Impact 14:14 - Comfort Owning Real Estate 14:36 - Long-Term Commitment 16:02 - Real Estate as Wealth Building 17:15 - Business Value vs Real Estate Value 18:02 - Specialized Improvement 21:06 - Choosing the Best Exit Vehicle 27:00 - Factors Influencing the Strategies 31:52 - Strategic and Financial Analysis 36:46 - Challenges Faced by Business Owners 41:11 - Case Study 47:22 - How to Contact Glenn Link to full episode: ⁠https://youtu.be/Cl8776oj91c More ThinkSBA Resources ⁠⁠https://calendly.com/thinksba⁠ - Schedule Call ⁠https://g.page/thinksba⁠ - Google Business Page & Reviews ⁠https://thinksba.com/faq⁠ - Frequently Asked Questions ⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast ⁠https://youtube.com/@thinksba⁠ - YouTube Channel

    30 min

  8. MAR 25

    Best Practices To Lease and Purchase Owner Occupied Real Estate With CRE Broker Bryan Geisbauer

    Welcome to another insightful episode of the My SBA Loan Pro Podcast Face To Face! In this episode Ryan Smith, Principal and Founder of ThinkSBA, engages in an insightful discussion with Bryan Geisbauer, a seasoned Tenant Representative and Commercial Real Estate Broker with Kidder Matthews. Brian leverages his 20 plus years experience, to level the playing field for business owner leasing space or purchasing Owner Occupied Real Estate. If you liked this content, let's connect on social media: Instagram: ⁠https://instagram.com/mysbapro ⁠ Twitter: ⁠https://twitter.com/mysbapro⁠ LinkedIn: ⁠https://linkedin.com/in/ryanpatryck⁠ Chapters: 00:00 - Introduction 00:53 - Bryan Geisbauer's Bio 01:58 - Tenant Representation 06:54 - Lease Negotiation Mistakes 10:44 - Defensive vs. Offensive Lease Strategies 14:41 - Lease Dynamics and Tenant Improvement Allowance 17:23 - Role of Tenant Representatives 18:33 - Transitioning to Property Ownership 27:53 - Due Diligence in Commercial Real Estate 30:00 - Commercial Real Estate Timelines 35:40 - Trust and Concessions in Real Estate 39:09 - Risks of Hiring Residential Brokers 40:53 - Lease to Ownership Transition 46:17 - When and How To Contact Bryan Link to full episode: https://youtu.be/asO0lrRsmq0 More ThinkSBA Resources ⁠⁠https://calendly.com/thinksba⁠ - Schedule Call ⁠https://g.page/thinksba⁠ - Google Business Page & Reviews ⁠https://thinksba.com/faq⁠ - Frequently Asked Questions ⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast ⁠https://youtube.com/@thinksba⁠ - YouTube Channel

    48 min
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Ratings & Reviews

5
out of 5
9 Ratings

About

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!

Information

  • Creator
    Ryan Smith
  • Years Active
    2019 - 2024
  • Episodes
    59
  • Rating
    Clean
  • Copyright
    © Ryan Smith
  • Show Website
    My SBA Loan Pro Podcast

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