Tyler Featherston’s Post

🌟 Looking to grow your business with an SBA loan? Choosing the right lender could make all the difference! 🌟 Partnering with an experienced SBA lender can save you valuable time and help avoid costly mistakes in the lending process. SBA loans have unique guidelines, and a lender who knows the ins and outs can navigate these complexities efficiently, saving you headaches down the road. From guiding you on eligibility requirements to ensuring a smooth closing process, a skilled SBA lender helps streamline each step, so you can focus on what matters—growing your business! Don't let missed details or delays hold you back. Working with the right partner means: ✅ Faster, more predictable timelines ✅ Expert guidance through complex requirements ✅ Minimizing risk by catching issues early If you’re ready to explore your SBA loan options, connect with me, and let’s work together to make your business goals a reality. #SBALoans #SmallBusiness #BusinessGrowth #ChooseWisely

When it comes to securing an SBA loan, having an experienced and knowledgeable lender on your team can be a game-changer. Navigating the complexities of SBA loans requires a deep understanding of the requirements, regulations, and nuances that can impact your approval and terms. Here’s why partnering with the right lender matters: Tailored Guidance: A seasoned SBA lender knows how to match the right loan products to your specific business needs. Whether it's a 7(a) loan for working capital or a 504 loan for major fixed assets, having a lender who understands the details can streamline the process and set you up for success. Smooth Process: SBA loans can be complex, with a lot of paperwork and requirements. An experienced lender can guide you through the application, documentation, and underwriting stages efficiently, saving you time and reducing stress. Better Chances for Approval: Lenders with a deep understanding of SBA programs can position your application in the best possible light, increasing your chances of approval. They know how to avoid common pitfalls that could lead to delays or denials. As an experienced SBA lender, I’m here to help you navigate the process and secure the funding you need for your business to thrive. Reach out today, and let’s get your project moving forward. #SBALoans #BusinessGrowth #ExpertLending #SmallBusiness

A commercial lease is a critical component in SBA lending. For both lenders and borrowers, it provides clarity and security. As an SBA lender, here's why I emphasize its importance: 1️⃣ Business Stability: A lease ensures the business has a secure location for operations, reducing the risk of disruption. 2️⃣ Loan Security: A well-negotiated lease often includes terms that align with the SBA loan requirements, protecting the lender’s collateral. 3️⃣ Compliance: SBA guidelines require certain lease provisions to protect the interests of both the lender and borrower, such as subordination and assignment clauses. 4️⃣ Long-Term Viability: A lease with favorable terms—like renewal options—supports the borrower’s long-term plans, which is crucial for repayment stability. In short, a properly structured lease provides the foundation for both borrower success and lender security. It's more than just a document—it's a safeguard for a smooth, successful SBA loan process. #SBALending #CommercialRealEstate #BusinessLending #SBA

If you’re thinking about securing an SBA loan—or guiding someone who is—there are a few critical things that can make or break a deal. 1️⃣ Cash Flow is King: SBA lenders are laser-focused on cash flow. It’s not just about your revenue; it’s about showing consistent, reliable cash flow that covers debt service with a healthy margin. Understanding your cash flow narrative can set you up for a smoother loan process. 2️⃣ Equity Injection Matters: For most SBA loans, lenders expect the borrower to have some “skin in the game.” A typical equity injection ranges from 10-20%. If your client or business is light on cash, considering an equity partner or angel investor early can open doors. 3️⃣ The Character Factor: Unlike traditional loans, SBA lenders actually take into account the “character” of the borrower. This can mean anything from a track record in business, industry knowledge, or past experience with similar ventures. Never underestimate the power of a good story when it’s backed by relevant experience. 4️⃣ The Right Support: Navigating SBA loans is complex. Business owners, make sure you have a team that can translate the jargon and help you present your best case. Brokers and lenders, sometimes the key is knowing when to lean on each other’s expertise. SBA lending isn’t always a straight path, but with the right approach and the right people, it’s possible to turn that “maybe” into a “yes.” Got questions or curious about specifics? Feel free to reach out—always happy to share insights. #SBA #SmallBusinessLoans #BusinessFinance #CashFlow #EquityInjection #LendingTips

Having bought several businesses with and without SBA lending, I've learned a lot about the process—sometimes the hard way. On our first business acquisition, we overpaid by $500,000 because we didn’t properly account for the replacement salary of the owner. While we’re covering our debt, our cash flow margins are lower than they were before the purchase. It was a costly lesson that reminds me: no matter how educated you think you are, you need to hire outside experts for financial due diligence and business valuation. In our case, we relied on the business valuation hired by the SBA lender, which came in $250K higher than our purchase price. That experience taught us that not all SBA business valuation firms are created equal. At Peak Business Valuation, we value 15-20 businesses a week for SBA lending purposes. Our goal is always to determine a fair market value, regardless of the purchase price. Sometimes our valuation is higher or on par with the price. But if it’s lower, there’s a reason, often pointing out aspects of the business that were overlooked. When valuations come in lower, brokers and SBA BDOs may not be happy, which makes sense given their incentives to close deals and earn commissions. But ultimately, the bank should be looking for a valuation that fairly represents the risk and is fair to the borrower. Overpaying for a business burdens it with debt and increases the risk of default, which is the quickest way to kill a business. Buyers should appreciate when we come in lower because it often means we’ve identified risks or issues that might have been missed. It’s a protective measure. An SBA lender should always hire an independent valuation firm that prioritizes accuracy and independence over maintaining bank relationships. #BusinessValuation #SBALending #FinancialDueDiligence #BusinessAcquisition #FairMarketValue

📢 Unlock the Power of SBA 7(a) Loans for Real Estate with Enterprise Bank & Trust! 🏢 Looking to invest in commercial real estate or expand your current business space? At Enterprise Bank & Trust, we specialize in SBA 7(a) loans tailored for real estate transactions, offering the financial boost you need to achieve your business goals. 🔑 Key Benefits of SBA 7(a) Loans: - Competitive Interest Rates: Enjoy lower rates compared to other SBA 7a lenders. - Flexible Terms: Benefit from longer repayment periods, reducing monthly payments. - Lower Down Payments: Preserve your working capital with down payments as low as 10%. - Eligibility for a Variety of Properties: office buildings, warehouses, retail spaces, restaurants, hotels, carwashes, gas stations, sports facilities. 💼 Why Choose Enterprise Bank & Trust? - Expert Guidance: Our experienced SBA lending team will guide you through every step. - Tailored Solutions: We understand your unique business needs and provide customized financing. - Strong Track Record: Successfully helped numerous businesses secure funding for real estate investments. Don't let financing hold you back from expanding your business. Partner with Enterprise Bank & Trust and leverage the power of SBA 7(a) loans for your real estate transactions. 🌟 👉 Contact me today to learn more and get started: 248-318-1149 #SBALoans #RealEstate #BusinessGrowth #EnterpriseBankAndTrust #CommercialRealEstate #BusinessFinancing

In honor of #SmallBusinessWeek, let's talk about the different types of SBA loan options designed to empower your business growth! 💸504 Loans: perfect for purchasing real estate, buildings, and machinery at competitive rates through the SBA 504 Loan program. 💸7(a) Loans: SBA's flagship 7(a) program offers loans for buying, refinancing, or upgrading your facilities and equipment, including AI-related expenses. 💸Microloans: Need a smaller boost? SBA Microloans provide up to $50,000 to start or expand your business, with an average loan of about $13,000. Ready to take the next step? Apply for a loan at https://bit.ly/3M0Jueu and fuel your business ambitions!🚀 🌟 #EDCSouthMiamiDade #WeMeanBusiness

Securing an SBA loan can be a game-changer for your business, but the process can be lengthy. Here’s how to fast-track it: 1. Prepare Documents Early: Gather financial statements, tax returns, and a solid business plan. Having everything ready upfront avoids delays. 2. Choose the Right Lender: At CBB Bank, an SBA-preferred lender, we have proud business loan experts in the process and can expedite your application. 3. Be Responsive: Quickly respond to any requests for additional information. The faster you answer, the faster your application moves. 4. Work with an SBA preferred lender: If you're unsure, consider consulting an SBA loan specialist to guide you through the process efficiently. https://bit.ly/3MJBhxy

Are All SBA Lenders Created Equal? The answer is no, not all SBA lenders are created equal. That’s because each lender applies the Small Business Administration’s Standard Operating Procedures manual, also referred to as the SOP, differently. For example, some lenders have developed internal lending policies that are more stringent than the SOP. These lenders favor prime borrowers which translates to the lowest rates and most favorable terms for the few businesses who qualify. Listen to more episodes 🎧 ▶ https://mysbaloanpro.com ▶ https://mysba.pro/applepod ▶ https://lnkd.in/gviVew7z

Thinking of outsmarting the system for a small business acquisition loan? Pause. Banks are wise to sellers' crafty moves. And deceitful buyers are on the rise. Guided by shady advisors, they're tweaking loans pre-credit check and snatching unmerited approvals. But reality check: the truth surfaces. Caught red-handed, they end up managing a failing business, facing SBA loan default. Beware of so-called professionals advising misleading shortcuts: ❌ - Conclude MSA post-SBA closure ❌ - Conceal info from bank underwriter ❌ - Agree to pay seller standby note post-SBA Reject the path of dodgy advisors. Opt for integrity, not dubious shortcuts. Gained approvals the wrong way will lead to SBA default. The so-called advisors banking on SBA loan closure incentives won't bail you out then. Choose the high road. It may take longer... ...but provides peace of mind and assures lasting success.