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SBA loan

also referred to as: sba loans

5 statements across 4 episodes · 3 bullish · 0 bearish · 4 people on the record · first statement Mar 17, 2022 by Codie Sanchez · across every show →

Everything said about SBA loan, oldest first

Mar 17, 2022 positive
Insight
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.”
Codie Sanchez Mar 17, 2022 ▶ 36:54 How to Get Rich Building Boring Businesses | Codie Sanchez, Contrarian Thinking
May 26, 2022
Assertion Supported
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.”
Sahil Bloom May 26, 2022 ▶ 56:46 $30M by Age 19 — And Where You Should Build Today
Sep 1, 2022 bullish
Insight
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.”
Xavier Helgeson Sep 1, 2022 ▶ 51:06 Building a Mini Berkshire Hathaway
Sep 1, 2022 bullish
Insight
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…”
Xavier Helgeson Sep 1, 2022 ▶ 46:38 Building a Mini Berkshire Hathaway
Jan 26, 2023
Disclosure
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 …”
Brent Beshore Jan 26, 2023 ▶ 48:25 Mastering Micro Private Equity: Brent Beshore's Strategy for Wealth Generation
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