Using SBA Loans To Buy & Sell Ecommerce Businesses With Stephen Speer

December 27, 2017 00:39:29
Using SBA Loans To Buy & Sell Ecommerce Businesses With Stephen Speer
The Quiet Light Podcast
Using SBA Loans To Buy & Sell Ecommerce Businesses With Stephen Speer

Dec 27 2017 | 00:39:29

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Show Notes

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Many larger deals are SBA-oriented. This is a better method for buyers because they get a 10 year repayment period, and it is better for sellers because they can get more money. In 2018, SBA lending limits are changing and they will be bringing 90% of the funds to the deals. It is really good for buyers and sellers. Today, we are talking with Stephen Speer who is the VP and Business Development Officer at BankUnited Small Business Finance. Stephen is a lender, not a banker. Bankers have a tendency to over-promise and underdeliver. We had a bank deal that took over 90 days to close. Both the buyer and the seller were beside themselves with frustration. With a transaction we recently did with Stephen, we got a commitment letter in 34 days which put us two weeks away from closing. This is an SBA transaction that will close in 30 to 45 days which puts us on the same playing field as cash buyers. Today, we are going to cover benefits of the new SBA guidelines and how they benefit both the buyers and the sellers.

[Download Our SBA Starter Kit PDF]

https://www.youtube.com/watch?v=ODbevGqiEkY

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