Four Questions about Business Valuation & SBA Funding

By Kim Eells, Vice President, The Brand Bank  & Susan Kite, Vice President, Signature Bank of Georgia 1. When is a Business Valuation Required? If the purchase price of the business less the appraised value of real estate/equipment is over $250,000 or your deal is not an arms-length transaction or if the bank requires for comfort; … [Read more...]

Overcoming Five Buyer Objections to SBA Loans

By Susan Kite, Vice President, Signature Bank of Georgia, and Kim Eells, Vice President, The Brand Bank   I.        “This deal costs too much; I can’t get it financed.” SBA 7a Loans are guaranteed by the US Government, giving banks a higher comfort level to make a loan they may have denied as a conventional loan. SBA loan terms can be … [Read more...]

A Broker’s Guide to Getting an SBA Loan Approved

By Cheryl Beer,  SVP/SBA Lender, Sandy Springs, Cornerstone Bank Provide three years’ returns Pre-approval of business financials Subject to buyer’s credit, management experience, outside income, collateral Minimum 650 credit score Management experience or strong franchise 1.2X Debt Service Coverage “DSC” (including all … [Read more...]