SBA Loan Update - August 8, 2020


Manage episode 269179918 series 2518941
Por Ryan Smith descoberto pelo Player FM e nossa comunidade - Os direitos autorais são de propriedade do editor, não do Player FM, e o áudio é transmitido diretamente de seus servidores. Toque no botão Assinar para acompanhar as atualizações no Player FM, ou copie a feed URL em outros aplicativos de podcast.

The World of SBA Lending - 0:46

  • SBA Lenders are actively approving and closing loans.
  • Everyone's pipelines are flush with loan originations.
  • Underwriting is taking up to three weeks with the loan package sitting in the queue for nearly two of those three weeks.
  • 25 year fixed Interest rates are as low as 2.9% for SBA 7(a) real estate purchases and refinances for qualified applicants.
  • Real estate and working capital projection based loans are still being funded if 100% collateralized by real estate.

The World of Conventional Lending - 4:01

  • The top conventional lenders in the Country are still not lending to new customers and are lending only a limited bases to their existing portfolio.
  • There are still conventional lenders who can approve and fund loans in 30 days.

What’s In My Loan Pipeline - 6:41

  • Owner occupied real estate purchases for manufacturers, distributors, physicians, contractors and residential care facilities also known as residential assisted living facilities.
  • Business Acquisitions for QSR food franchises, in home health care franchises, speciality general contractors not directly tied to new construction and a collision center in the inland empire.
  • I’m also negotiating the full relationship transition including treasury management, factoring, borrowing base and the refinancing of commercial real estate of a local sporting goods manufacturer and distributor.

My Greatest Compliment - 9:43

Online Loan Application - 11:09

A Message To My Friends (You Know Who You Are) - 13:15

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