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Small Business Administration

also referred to as: sba

9 statements across 5 episodes · 3 bullish · 0 bearish · 5 people on the record · first statement Feb 7, 2020 by Paul Adrian · said 32 times in 17 episodes since 2016 · across every show →

Mentions by year

brought up most by Ben Carpel (6), Unat Bak (3), Nathan Latka (3), Sabrina Parsons (2), Paul Adrian (2), Lisa Tamayo (2), Label Hacked (2), Joel Holland (2)

tap a year for its mentions
00531062016201720182019202020212022episodesmentions
0362016201720182019202020212022episodes it came up in
0023462016201720182019202020212022episodesmentions per episode
2022 10 mentions in 3 episodes 3 per episode
2021 3 mentions in 2 episodes 2 per episode
2020 10 mentions in 6 episodes 2 per episode
2018 1 mention in 1 episode
2017 4 mentions in 3 episodes 1 per episode
2016 4 mentions in 2 episodes 2 per episode

every mention, scene by scene, with the transcript →

Everything said about Small Business Administration, oldest first

Feb 7, 2020 positive
Disclosure
Adrian: Latakoo is pursuing SBA loans with 7-8% interest rates
“So now, we're going after SBA money. And that gets us down to like, you know, seven, eight percent and a 10 year payback.”
Paul Adrian Feb 7, 2020 ▶ 10:11 1658 Why 142 Production Teams Pay Him $142k/mo For Quicker File Management
Feb 7, 2020 neutral
Disclosure
Adrian: Latakoo founders must personally guarantee their SBA bank loan
“Yes. I mean, again, it is attached to the company, but it's also attached to the founders. So there is other stuff we've got to throw into the mix.”
Paul Adrian Feb 7, 2020 ▶ 11:28 1658 Why 142 Production Teams Pay Him $142k/mo For Quicker File Management
Nov 6, 2020 positive
Disclosure
Limble secured a $350,000 SBA loan without equity dilution
“We just got our approval to get about 350 K from a local bank through the SBA. And so that's going to help growth. And then we have another, you know, X number of dollars lined up just on debt. So no equity.”
Brian Christensen Nov 6, 2020 ▶ 16:51 Limble is Maintenance Automation Software, hits $2m Revenue, Bootstrapped Using 5% Debt
Nov 6, 2020 neutral
Disclosure
Christensen personally guaranteed Limble's SBA loan at prime plus 1.5%
“We did have to personally guarantee, which kind of stinks, but it's, you know, it's really cheap. It's the interest rate is like one and a half plus prime or two and a half plus prime or something like that.”
Brian Christensen Nov 6, 2020 ▶ 18:13 Limble is Maintenance Automation Software, hits $2m Revenue, Bootstrapped Using 5% Debt
Sep 1, 2021
Assertion Partly supported
Svizovich: Referizer Bootstrapped Until Taking SBA Funding
“We bootstrapped all the way until the last five months when we started getting money from SBA, started getting money from free money from government, like everybody does, right?”
Andre Svizovich Sep 1, 2021 ▶ 14:23 Local Marketing SaaS 2x Last 4 Months, Breaks $3m ARR and 1200 Customers
Oct 30, 2022 positive
Assertion Partly supported
EstateSpace secured $1M in SBA COVID relief despite mass layoffs
“COVID, it gave us almost a million dollars in free money, so We had a lot of people pre-COVID. We let them all go, but the way that they looked, the SBA looked at that was that, okay, they counted us for the 2018, 2019 time when we had a lot of employees, so w…”
Jonathan Fishbeck Oct 30, 2022 ▶ 11:29 How we bootstrapped to $1m in ARR using services, now high multiple SaaS
Nov 15, 2022 neutral
Assertion Partly supported
Carpel: SBA loans take two to six months to close
“For an SBA, which is low interest, very flexible, pretty borrower-friendly terms on the whole, it'll still take five or six months at the max. On the fast end, maybe more like two months, but still, Even after they pre-approve you in, you know, month one, ther…”
Ben Carpel Nov 15, 2022 ▶ 6:09 Founder Net worth Map: How to use your SaaS to cash out, diversify without losing control
Nov 15, 2022 neutral
Assertion Supported
Carpel: SBA loans offer ~7% interest and 10-year terms but require personal guarantees
“Right now, it's, it tends to be seven percent or so, which is not bad for small businesses. Very flexible terms in terms of repayment, and often you can have 10 years to pay back SBA. Lots of paperwork, and as you just said, personal guarantee.”
Ben Carpel Nov 15, 2022 ▶ 17:55 Founder Net worth Map: How to use your SaaS to cash out, diversify without losing control
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