SBA Basics and Updates: Funding for Business Acquisitions

The Deal Board

Andy and Jessica dive back into a critical and timely subject: SBA funding and how it can help fuel business acquisitions. With a lineup of expert guests, they break down the most effective SBA funding programs currently available and address common misunderstandings about how the SBA supports small businesses. Hear practical insights from industry professionals like Ken Lowy of Newtek; who highlights cutting-edge business tools, and John Wahl of Live Oak Bank: who shares an overview of the bank’s specialized lending services. Additionally, Ami Kassar of MultiFunding explores what the future holds for small business funding, and Robin Washienko of Huntington Bank discusses the current small business landscape. Join us to equip yourself with essential knowledge for securing SBA loans, improving your funding options, and fostering success in your small business. Tune in now!

Listing of the Week:

JT Tatem presents a great opportunity to own a popular sports bar in a high-traffic location. This sports bar has built a loyal customer base known for its vibrant atmosphere and dedicated clientele. This profitable business offers excellent growth potential for an experienced operator or an investor looking to break into the hospitality industry. For more information, email JT at [e-mail] or call him at [phone].

Deal of the Week:

Jeff Petersen (East Texas) closed a deal on a profitable metal building contractor located in Angelina County, Texas. This construction business, listed at $3.3 million with real estate included, had earnings of $537,527 and was sold with a $3 million down payment. Jeff’s expertise helped both the buyer and seller navigate the complexities of the transaction, leading to a win-win outcome for both parties. To learn more, email Jeff at [e-mail] or call him at [phone].

Key Points From This Episode:

• [00:00] Introduction and overview of today’s topic: SBA loans.

• [01:15] Why the SBA is an invaluable resource for small businesses.

• [01:40] Common misconceptions about the SBA’s money-loaning capabilities.

• [03:09] Learn about the top three SBA funding programs currently available.

• [08:08] Ken Lowy unpacks Newtek's innovative business tools and services.

• [11:08] John Wahl provides an overview of Live Oak Bank’s offerings.

• [13:27] Listing of the Week: JT Tatem is selling a legendary sports bar in Upstate, South Carolina.

• [15:44] Discover the benefits of SBA-guaranteed loans for small businesses.

• [20:41] Explore why working with an experienced SBA lending partner is vital.

• [22:44] Ami Kassar provides insights on the future of funding for small businesses.

• [25:33] Robin Washienko talks about the small business landscape in Huntington.

• [28:00] Deal of the Week: Jeff Petersen sold a profitable metal building contractor in Angelina County, Texas, with real estate included.

• [31:37] The minimum requirements to be eligible for SBA program support.

• [34:56] Final important takeaways and closing comments.

Links Mentioned in Today’s Episode:

The Deal Board Podcast

Subscribe to The Deal Board Podcast YouTube Channel

The Deal Board on LinkedIn

The Deal Board on Facebook

United Franchise Group

Transworld Business Advisors

Transworld on Linkedin

Transworld on Facebook

Call us on [phone]

Email us at [e-mail]

Andy Cagnetta on X

Jessica Fialkovich on X

JT Tatem

Jeff Petersen

Small Business Administration (SBA)

Ken Lowy on LinkedIn

NewtekOne

Call NewtekOne on (212) 356- 9500

John Wahl on LinkedIn

Call John on [phone]

Email John Wahl

Live Oak Bank

Ami Kassar on LinkedIn

MultiFunding

Robin Washienko on LinkedIn

Huntington National Bank

#thedealboard #transworldbusinessadvisors #realestate #commercial

Quotes:

“We would not have capital for small businesses in America without the SBA.” — @jessfialkovich [0:01:31]

“The nice thing about the SBA is [that] it is one of the few government programs that pays for itself.” — @acags [0:07:05]

“There is enough friction in the world, so [Newtek] wants to bring less friction for businesses.” — Ken Lowy [0:10:39]

“One of the SBA’s purposes is to really protect and educate business owners.” — @jessfialkovich [0:17:26]

“[Huntington National Bank] feels [that] it is really important to help all small businesses achieve their goals.” — Robin Washienko [0:26:31]

“It is so important to work with a bank that is really well qualified in SBA lending.” — @jessfialkovich [0:35:23]