Episode 72: How SBA Loans work with Ray Drew

Thinking Like a Bank

English - September 15, 2022 22:38 - 30 minutes - 27.5 MB - ★★★★★ - 41 ratings
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Previous Episode: Episode 71: How to Program Your Mind to Make More Money with Victor Pierantoni

Next Episode: Episode 73: Launching a Multi-Million Dollar App from Nothing with Guillaume Portalier

Ray Drew has dedicated his entire professional career to helping small business owners navigate through the intricacies of SBA borrowing. His job is to structure a customized loan solution that meets the unique needs of the business and guide the entrepreneur through the process.

Ray’s current role is Managing Business Development Officer at Fund-Ex Solutions Group, one of 14 licensed non-bank SBA 7(a) lenders. He is the Host of The Art of SBA Lending Podcast and he just launched a YouTube Channel for entrepreneurs seeking credible information about SBA 7(a) loans called SBA Ray.

This episode talks about:

The difference between bank and non-bank lenders
What to consider before applying for an SBA loan?
Difference between SBA 7a and 504 loans?
Typical terms and requirements for SBA loans
The maximum loan amount under 7(a) SBA loans? SBA 504 loans?
Do SBA loans require a personal guarantee?
What types of small businesses receive the most SBA funding?
If you are buying a business, how much financing can you get?
Common reasons for why SBA loans get denied.
The increase in business acquisitions over the last 2 years and how SBA finance plays a role in acquisitions
The average interest rate for SBA loans? Understanding how interest rates work with SBA financing.

To connect with Ray Drew and learn more about SBA loans, please visit:

👉Website: ➡️https://www.artofsba.com/

👉Linkedin: ➡️https://www.linkedin.com/in/raydrew4589/

👉Facebook: ➡️https://www.facebook.com/artofsba

👉YouTube: ➡️ https://youtube.com/channel/UC7_6-lZHN4cXa0sF6Tu8AGQ

👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.