SBA Loan
topic on 8 shows · 12 statements across 11 episodes
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12 statements about SBA Loan, every show
Sanchez: SBA loan default rate averages approximately 8 percent
“The SBA loan default rate is less than 13% on average. Average is about eight percent.”
Loeffler rewrote SBA rules allowing small businesses to finance AI implementation
“I had the rules rewritten. So now small business entrepreneurs, solopreneurs up to 515 hundred person factories can use the proceeds of their loan toward AI implementation, advanced manufacturing.”
Maynes: Built $137M Business Using SBA Loan Without Outside Capital
“The biggest company built was a hundred and thirty seven million, and again, that was with an SBA loan. That was not with any outside investment.”
Beshore bought his first business with zero capital using an SBA loan
“I called a local lawyer that I had at the time whenever I had the opportunity to buy my first business. It was very, I had no capital. I took out an SBA loan and I said, okay, so what do we do next? And he said, well, we needed a due diligence. So I literally …”
Helgeson: Buying a $500k-profit business via SBA loan sets buyers for life
“If you think about the universe of businesses you can buy, if it's under say, 500,000 in profits, you ought to figure out a way to buy it personally as a listener with an SBA loan. That's like a real sweet spot. Cause you can probably buy that business for one…”
Helgeson: SBA business acquisitions should base-case a 100% return on equity
“You should really underwrite a hundred percent equity returns when you do one of these. And that should be a very, that should be a base case. That's like growing the business 10% a year.”
Fast all-cash offers can win micro-SaaS acquisitions at lower purchase prices
“I don't need an SBA loan, which slows things down pretty dramatically. So I can offer them a low ball offer, but all cash all up front within like 48 hours. Right? So for people who've been sitting there for a while trying to sell their SAS, that's really attr…”
Bloom: SBA Loans Require Personal Guarantees and Wage Recourse
“So the downside of SBA loans is they are personal re like personal guarantees and recourse to you. So if you default on one of these, you're going to be on the hook with like garnishing wages in the future to pay them off.”
Sanchez: Business acquisition loans are underwritten against target's cash flows
“When you go and buy a business, they do it kind of the same way. They buy, you buy a business based off the future cash flow of the business or the assets of the business, not you.”
Van Meer: SBA loans fund up to 90% of internet business acquisitions
“You can use SBA loans to buy internet businesses. SBA loan is basically a business loan, small business loan that I don't know when they started a few years ago, where they now also fund internet businesses. And you can borrow up to 90%. So technically you can…”
Label Hacked: $20k acquisition was paid in cash due to loan minimums
“I briefly looked into it, but it's such a small acquisition that, you know, any of the loan options weren't really there. Nothing like an SBA loan or anything.”