SBA Loans - SBA Loan Financing Update

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Posted on January 8, 2009 by Mike McGrane

SBA Loans - SBA Loan Financing Update

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Size: 4.15 MB | Length: 09:02 |

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Show Notes:

Mike McGrane discusses with Peter Siegel current SBA loan updates. Topics discussed:

1. What amount of a down payment is expected currently.

2. What are the current interest rates on loans and how lenders decide on those rates.

3. Where can borrowers get their down payments and why transfering funds from Retirement accounts is popular.

4. What are the current differences between SBA financing and conventional financing for business purcahses.

5. How borrowers can better prepare themselves in these more difficult "financing times".

6. How to go about selecting an ideal SBA lender and what to look for.