59 episodes

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!

My SBA Loan Pro Podcast Ryan Smith

    • Business
    • 5.0 • 9 Ratings

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!

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

    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

    • 1 hr 19 min
    How To Properly Apply For An SBA Working Capital Term Loan

    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

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

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

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

    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

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

    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

    • 39 min

Customer Reviews

5.0 out of 5
9 Ratings

9 Ratings

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