SBA Financing Updates

SBA Financing Updates

Learn about the recent updates to SBA financing rules for partial ownership changes in businesses. Discover the changes to the guidelines and how they can impact your business opportunities.

In this video, we cover:
- Old vs new guidelines for partial ownership changes in SBA loans
- Impact on potential buyers in business acquisitions
- Changes to equity injection requirements
- Overview of full standby rule and its update
- Importance of consulting with a commercial mortgage advisor for small business financing.

Are you an entrepreneur or business owner looking to buy or expand a business? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps:
(00:15) Strict rule requiring a 100% change of ownership and its impact on business owners.
(00:46) Challenges for potential buyers in a business acquisition and the requirement for sellers to leave 5% equity on full standby.
(01:23) New SBA rules allowing for buying into a business without 100% ownership, and the possibility of leaving the seller as a part owner
(02:08) Changes to the full standby term, reducing it to 24 months from the previous requirement for the life of the loan.
(02:28) Advice for small business owners exploring partial changes of ownership, emphasizing the importance of staying informed and seeking professional guidance.

💥 Thanks for watching 💥
#SBAfinancing #businessacquisition #sellerequity #newSBArules

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

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