Qualifying for SBA lending is no easy task, and there are some elements of your application that lenders will always review with a critical eye when determining your eligibility. These elements are referred to as the ‘5 c’s.’ save yourself time and frustration by making sure you’re a well-qualified candidate in these five areas before...
Sunbelt Finance recently facilitated financing for a well-established precision machinist with experienced management in-place. This was a stock sale sold to a Buyer with extensive manufacturing experience. The SBA loan funding partner is a top-notch regional SBA Preferred lender. The SBA 7(a) loan amount was $3,890,000 with an 80% loan to value (LTV), 10%...
Provided by Credit Bench Why is seller financing sometimes needed on business acquisition deals? Answer from a lender perspective: Lack of buyer industry experienceLack of buyer business ownership experienceLimited buyer liquidity for either down payment or post close cash What are the advantages of seller financing to the seller: Maximizes selling priceSells business fasterGreat rate...
--Will Provide More Flexible Succession-Planning and Exit Options for Business Owners MINNEAPOLIS – MAY 15, 2023 – Sunbelt Business Advisors President Chris Jones today applauded Small Business Association (SBA) revisions to rules on 7a loans (the SBA’s most common loan program) that will allow a business owner to do partial sale of a business and...
COVID-19 has had a devastating impact on the cash flow of many small businesses. Government restrictions and societal behavioral changes were often the cause. Many of these businesses were classified by federal and state governments as being non-essential. The lending and business valuation communities have taken the position that COVID’s negative impact on businesses...
BankVista's tagline is Bank smart, Bank local, BankVista ... and we can vouch for the fact that those words are accurate and exactly why we encourage our clients to choose BankVista when shopping for SBA loans as well as their other banking services. Being a preferred lender for the SBA is important, but there is...
About Sunbelt Finance Sunbelt Finance provides financial consulting services to individuals considering business and or real estate acquisition ownership, business startups, equipment financing, SBA Express Lines of Credit etc. Our Specialist Can Assist With the Following Services at No Cost to the Borrower: SBA/Conventional Bank Loan Pre-Qualification Analysis Review buyer’s personal financial statement Provide...
The American people are currently witnessing long overdue bipartisan support for the engine that drives our nation’s economy, namely small business. The Trump administration in conjunction with bipartisan support from a long divided Congressional Legislature, is currently providing $50,000,000 in specifically ear marked funds to the Small Business Administration (SBA) during this extreme national and...
The current coronavirus pandemic is creating hardship for business owners across our country and many segments of our nation’s economy. There is light at the end the tunnel for many due to the federal government’s Economic Injury Disaster Loan (EIDL) Program providing $50 Billion in Small Business Administration (SBA) loans to distressed businesses. While this...
