GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business
|
|
- Stephen Greer
- 8 years ago
- Views:
Transcription
1 GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business GrowFL Webinar Series Date: March 5, 2012 Presented by: Hetal Engineer, SunTrust VP All credit subject to SBA and SunTrust criteria SunTrust Banks, Inc. SunTrust is a federally registered service mark of SunTrust Banks, Inc. Live Solid. Bank Solid. is a service mark of SunTrust Banks, Inc.
2 SBA Background Low down payment (as low as 10%) keeps personal liquidity accessible for new business owner Typically no cash required for partner buyout with pledge of existing equity reflected on balance sheet Blended amortization period (up to 25 years on CRE & 10 years on business acquisition) preserves cash flow with lower monthly payments We will finance goodwill in accordance with SBA SOP guidelines Financing available for new & growing companies that need operating capital with 1-2 years of seasoned financials Expansion financing available to start/buy second/third location 2
3 SBA Qualifying Factors SBA Loan Qualification is based on the following: For-profit, non-publicly traded businesses Tangible business net worth (including affiliates) not to exceed $15 million Average net income of the business not to exceed $5 million over the last two years Personal liquid assets of each principal/guarantor not to exceed the total project costs of the proposed loan. Company ownership must be comprised of 51% U.S. citizens or resident aliens (legal permanent residents) 3
4 SBA 7a Loan Loan Amounts Up to $5.0MM Pricing Typically variable rates from P+1.75% to 2.75% (fixed rates can be available but typically exception pricing) Terms Up to 25 years for CRE transactions Down Payment As little as 10% on CRE deals and solid acquisitions. Can increase based on type or complexity of project Fully Amortized No balloon payments allowed in program 4
5 SBA 7a Loan (cont.) Use of Proceeds Very flexible and thus why 7(a) is so attractive. Can finance CRE, goodwill, working capital, equipment, acquisition, improvements all in one financing package. Gives client significant options for longer term financing Collateral Take available per SBA requirements. If not available, will consider transaction under-secured (based on strength of project) Prepayment Penalty limited to (5%-3%-1%) for deals over 15 years 5
6 SBA 504 Loan Loan Amounts Up to $5MM SBA second mortgage debenture Pricing Both fixed and variable rates available (CDC Rates fixed for 20 years) Terms Typically up to 20 years on both 1 st and 2 nd mortgage pieces Down Payment 10% standard (add 5% for special use properties and 5% for start-up properties) 6
7 SBA 504 Loan (cont.) Use of Proceeds Purchase, refinance, renovation, and construction of CRE Structure Bank funds up to 90% of project and Certified Development Company takes out up to 40% upon fully funding of project Collateral Focus on property being financed. Flexible Can use 504 for RE needs while providing a 7(a) for acquisition and working capital needs 7
8 SBA Express Line of Credit Loan Amounts - Up to $150K LOC Unsecured, Up to $250K Real Estate Secured Pricing - Typically variable rates up to Prime + 4.5% Terms - Normally 2 years than terming out for 5 Down Payment - Minimum of 10% Use of Proceeds - Flexible in use of proceeds Collateral - Typically assets being financed Product Focus - Working capital needs of business Shorter term asset purchases Acquisitions of small CRE projects 8
9 SBA Financing SBA 7a Loan SBA 7(a) SBA 7(a) financing available up to $5MM As low as 10% down payment to purchase an existing business The perfect product for partner buyouts & business acquisitions with goodwill components Blended term if use of proceeds is mixed Minimal 3 yr prepay penalty ONLY if term is longer than 15 years In addition to financing the business acquisition, loan proceeds can also include buying real estate, inventory, equipment. The loan can also include working capital and funding for tenant improvements Can be combined with a 504 if large part of project is real estate No financial covenants 9
10 SBA Financing Other SBA Products Long term fixed rate RE financing available through SBA 504 program. Up to 90% acquisition, construction, and renovation available Revolving working capital financing available through SBA Express Export financing available through Export Express and SBA Export Lines 10
11 SBA & SunTrust General Qualifying Criteria Business needs to demonstrate historical debt service to support business debts (or solid projections for start up companies) Guarantors need to have direct industry experience or strong transferrable Active owner involvement in business (not remote or as a hobby) If also purchasing real estate, the business needs to occupy 51% of space; 60% if construction project Guarantors must have acceptable credit (not a bad credit program) Guarantors need to show solid post closing liquidity Borrowers must be a US Citizen or legal permanent resident alien Borrowers and affiliates must be within size standards of SBA Transactions must finance an eligible SBA type of business and eligible project costs For profit businesses only 11
12 Basis of our decisions: Five C s of Credit Cash flow of the business being purchased Is there historical strength in the numbers Can the business service the new debt? Does the business have stable or improving revenue trends? Credentials Is the borrower s industry experience proven? Cash Position Is the company financially healthy as it relates to leverage, liquidity & net worth? Affiliate businesses are also looked at under the same criteria. Collateral Is it available? Is there a shortfall? Do we need it to strengthen the request? Character How has the borrower handled their personal credit? 12
13 Why Consider SunTrust? SunTrust is committed to providing strong & competitive financing solutions SunTrust s dedicated team of SBA product specialists will help make the process easy and efficient Financing solutions are delivered in a responsive manner with customer satisfaction being a top priority SunTrust is ranked one of the top SBA lenders in Florida based on number of closed loans Call us today! We d like to earn your business. 13
GrowFL and SunTrust Bank Present: Business Acquisitions and Partner Buyouts How SBA Loans can be leveraged to help
GrowFL and SunTrust Bank Present: Business Acquisitions and Partner Buyouts How SBA Loans can be leveraged to help GrowFL Webinar Series Date: September 4, 2012 Presented by: Hetal Engineer, SunTrust VP
More informationSunTrust Your SBA Lending Partner
SunTrust Your SBA Lending Partner Presented by: Eric Hicklin All credit subject to SBA and SunTrust criteria. 2009 SunTrust Banks, Inc. SunTrust is a federally registered service mark of SunTrust Banks,
More informationSunTrust Your SBA Lending Partner
SunTrust Your SBA Lending Partner Presented by: Simeon Harris Date: November 13, 2012 All credit subject to SBA and SunTrust criteria. 2009 SunTrust Banks, Inc. SunTrust is a federally registered service
More informationSBA and USDA Lending 1/28/2014. Benefits of SBA Financing. Small Business Administration and United State Department of Agriculture
SBA and USDA Lending Small Business Administration and United State Department of Agriculture Work in Partnership with Banks Encourage Banks to Lend to Businesses by Guaranteeing loans to reduce Lender
More informationW i n t r u s t B a n k
W i n t r u s t B a n k 1 WHO ARE WE Wintrust Financial is a financial services holding company We provide traditional community banking services, commercial banking, wealth management, commercial insurance
More informationNAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES
NAVIGATING TODAY S CREDIT JUNGLE AN OVERVIEW OF SBA FINANCING ALTERNATIVES November, 2011 Timothy D. Dixon Head of Small Business Administration (W) 216-514-5431 timothy.dixon@citizensbanking.com 1 Discussion
More informationSBA 504 Non Bank Business Model. Presented by Sok Cordell
SBA 504 Non Bank Business Model Presented by Sok Cordell CH Capital Partners LLC (SBA Non Bank Lending Program) The information contained in this presentation has been obtained from sources believed to
More informationSBA Express Loan Program. www.sba.gov/for-lenders
SBA Express Loan Program SESSION WILL COVER History Lender eligibility issues Program parameters Loan processing Loan closing Practical uses Program Designed to: Increase lender participation Increase
More informationCredit Connections Leveraging Resources to Strengthen Deals. U.S. Small Business Administration
Credit Connections Leveraging Resources to Strengthen Deals U.S. Small Business Administration 1 Lenders Benefits of SBA Loans SBA s Guaranty reduces a Lender s Risk Helps lenders make loans with longer
More informationSBA 504 Loan Program FACT SHEET
SBA 504 Loan Program FACT SHEET The Oakland County Business Finance Corporation (OCBFC) was certified under the Small Business Administration's (SBA) Certified Development Company program in September
More informationThe FFCFC 504 Loan Program: A Unique Alternative for Small Business Fixed Asset Financing
Commercial Lenders The FFCFC 504 Loan Program: A Unique Alternative for Small Business Fixed Asset Financing The FFCFC 504 Loan Program is designed to help small business owners expand through the purchase
More informationFinancing Downtown Businesses
Financing Downtown Businesses Presented by: David Kircher 1 Wisconsin Business Development Finance Corporation Certified Development Company Authorized to work with SBA 504 Program Fixed Asset Financing
More informationGraduate School of Colorado SBA lending Presentation
Graduate School of Colorado SBA lending Presentation SBA lending course summary The course will provide an overview and comparison of SBA 7a, SBA 504 and USDA Business & Industry (B&I) loan programs. SBA
More informationAugust 16, 2011. CBNA Commercial Banking SBA Loan Programs
August 16, 2011 CBNA Commercial Banking SBA Loan Programs Table of Contents Topics Pages What is the SBA? 2 Program Benefits 3-4 SBA 7A Loan 5-7 SBA 504 8-11 Application Requirements 12 SBA Loan Process
More informationSBA 7(a) Government. Guaranteed Loan Program
SBA 7(a) Government Guaranteed Loan Program SBA Overview The U.S. Small Business Administration (SBA) Was Created By Congress In 1953 To Assist And Counsel Small Business Growth And Prosperity, Thereby
More information2030 Districts. Project. Financing. Tookit. Small Business Association. Financing
2030 Districts Project Financing Tookit Small Business Association Financing Project Financing Toolkit Small Business Association Financing (SBA) The Small Business Association s (SBA) core programs offer
More informationOverview of SBA Loan Programs
Overview of SBA Loan Programs U.S. Small Business Administration San Francisco District Office 455 Market Street, Suite 600 San Francisco, CA 94105 (415)744-6820 SBA Loan Programs The Big 3 SBA Microloan
More information504 Loan Program. First Mortgage Lender Training
504 Loan Program First Mortgage Lender Training SBA programs are suited to businesses in various stages of development S T A R T U P Access to Capital 7a SCORE SBDC Management Assistant Programs Incentive
More informationCommercial Real Estate Comparison Pricing Summary
Wells Fargo Bank, N.A. Small Business Administration Lending Commercial Real Estate Comparison Pricing Summary Prepared For: Darrin Boyd Property Address: 6809 Corporate Drive Indianpolis, IN As of Date:
More informationEntrepreneur Academy: SBA 504 & 7(a) Loan Programs & Updates
Entrepreneur Academy: SBA 504 & 7(a) Loan Programs & Updates Wendy J. Jeffers Sr. Lending Officer: SBA Programs wjeffers@sbacsav.com Mobile: 912.398.3090 or 888.287.2137 In full operation since September
More informationCommercial Real Estate. Financing Programs. The SBA Adv. www.sba.gov/ma. www.sba.gov. Programs and services to help you start, grow and succeed
Commercial Real Estate Programs and services to help you start, grow and succeed Financing Programs The SBA Adv /ma Programs and services to help you start, grow and succeed We are the SBA History: Part
More informationGeorgia State Small Business Credit Initiative
GEORGIA DEPARTMENT OF COMMUNITY AFFAIRS Georgia State Small Business Credit Initiative FINANCIAL INSTITUTION PRESENTATION SEPTEMBER 2014 September 2014 History & Background of State Small Business Credit
More informationSBA L SBA endi ding Program Overview
SBA Lending Program Overview SBA Loans The U.S. Small Business Administration (SBA) offers numerous loan programs to assist small businesses. The SBA is primarily a guarantor of loans made by banks and
More informationSBA 504 Loans An Important Economic Development Tool for Community Lenders
SBA 504 Loans An Important Economic Development Tool for Community Lenders A vital source of financing for your business customers. 2010 NADCO Presenters today Mindy Murray RMI, Jefferson City, MO Mike
More informationSBA 504 Debenture Program Long-term financing for fixed asset acquisitions and expansions
SBA 504 Debenture Program Long-term financing for fixed asset acquisitions and expansions Economic Development Objectives of SBA 504 Economic Development Objectives maximum 504 Loan Job Factor Job Creation/Job
More informationGROWING. FINANCIAL PARTNERSHIPS Discover the Difference with DLC Expert Financial Loan Programs Provided through EQUIS CAPITAL FINANCE COMMERCIAL
GROWING FINANCIAL PARTNERSHIPS Discover the Difference with DLC Expert Financial Loan Programs Provided through EQUIS CAPITAL FINANCE COMMERCIAL Acquisition Term Bridge Permanent Short Term Mezzanine Acquisition
More informationSBA 504 Loan Program Lender s Guide
Eligible Use of Proceeds: Land acquisition and improvements New construction Purchase of existing building(s) Renovations to existing building(s) Purchase of Machinery and Equipment (minimum of 10 years
More informationTIME TO BUY. Small businesses that have ridden out the economic storm may. be well positioned to take advantage of a buyer s market for
October 2011 TIME TO BUY Your business is growing and you re tired of renting space. Here are the financing options you can consider for purchasing commercial property. Table of Contents Benefits of Ownership...2
More informationSBA Finance Options. Fourth National Rural Grocery Summit June 9 10, 2014
SBA Finance Options Fourth National Rural Grocery Summit June 9 10, 2014 SBA What it is/what it does Federal government agency created in 1953 Purpose to help potential and existing small businesses start,
More informationThe SBA 504 Loan Program. Financing the Owner Occupied Property
The SBA 504 Loan Program Financing the Owner Occupied Property SBA 504 Overview PURPOSE: provide FIXED RATE, long-term, below- market,, subordinated financing to owner- occupied small businesses promote
More informationMaking QLICIs under $5 Million work LISC small business loan fund. January 2012
Making QLICIs under $5 Million work LISC small business loan fund January 2012 LISC/Morgan Stanley Small Business Loan Fund The goal of the fund is to provide low-cost, long-term financing to small businesses
More informationSBA Lending. MCUL Lending Conference. What does a guaranty mean to you?
SBA Lending MCUL Lending Conference What does a guaranty mean to you? What will be covered Benefits of SBA SBA Loan Programs 7(a) Lending Parameters Determining Eligibility Credit Considerations Use of
More informationARC LOAN PROGRAM. Office of Small Business & Entrepreneurship and SBA
ARC LOAN PROGRAM Office of Small Business & Entrepreneurship and SBA 1 Timeline June 8 th : Regulation, Procedural Guidance and Forms Released Week of June 8 th : Lender Training June 15 th : SBA Begins
More informationFinancing for the Car Wash Industry. WHITE PAPER: An Overview of SBA 7(a) Financing
Financing for the Car Wash Industry WHITE PAPER: An Overview of SBA 7(a) Financing INTRODUCTION If you are looking to purchase, build, upgrade, or refinance a car wash you already own, you may be surprised
More informationUSDA Business & Industry (B&I) Guaranteed Loan Program
USDA Business & Industry (B&I) Guaranteed Loan Program B&I Program To Create And Maintain Employment And Improve Economic And Environmental Climate In Rural Communities Administered By The Rural Business
More informationGovernment Guaranteed Business Lending
Government Guaranteed Business Lending Ideally suited to the mission of CU s to satisfy their members business loan needs Herb White, VP of Lending, Hudson Valley FCU Margaret Gilbert, Managing Director,
More informationWHO ARE WE? Experienced commercial lenders, all with many years working for commercial banks
WHO ARE WE? Experienced commercial lenders, all with many years working for commercial banks Professionals willing to talk to you about a business loan transaction before you ever have to fill out a piece
More informationLENDERS SUMMARY OF 504 RULES
LENDERS SUMMARY OF 504 RULES Eligibility applies to Nine areas 1. Size 2. Credit Not Available Elsewhere 3. Personal Resources of the Borrower 4. Use of Proceeds 5. Types of Businesses 6. Job Criteria(Economic
More informationSBA 101 - Introduction to SBA Lending. WPASGL 2013 Quality Circle April 11, 2013
SBA 101 - Introduction to SBA Lending WPASGL 2013 Quality Circle April 11, 2013 PURPOSE OF SBA FINANCIAL ASSISTANCE The purpose of SBA financial assistance is not to encourage banks to make bad loans.
More informationAn Introduction to the SBA 7(a) and 504 Loan Programs
An Introduction to the SBA 7(a) and 504 Loan Programs Edward W. Ahart, Esq. Thomas L. Hofstetter, Esq. 220 Park Avenue Florham Park, NJ 07932 (973) 539-1000 Partner at Schenck Price Smith & King, LLC in
More informationSCORE. Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW
SCORE Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW One key to a successful business start-up and expansion is your ability to obtain and secure appropriate financing.
More informationShort Term Loans and Lines of Credit
Short Term Loans and Lines of Credit Disadvantaged Business Enterprise (DBE) Supportive Services Program The contents of this training course reflect the views of the author who is responsible for the
More informationSBA 504 Loan Program. Jobs, Communities
SBA 504 Loan Program Growing Small Businesses, Jobs, Communities What is 504? Economic Development Financing Tool Financesfixed assets for healthy, expanding businesses Low down payment to preserve cash
More informationSBA Loans: The Missing Manual
PrudentLenders has received many questions from borrowers and lenders regarding SBA loan structure, eligibility, guarantees, affiliation, and collateral. These questions encompass a wide spectrum of issues
More informationAdministration Announces New Small Business Commercial Real Estate and Working Capital Programs
Fact Sheet Administration Announces New Small Business Commercial Real Estate and Working Capital Programs President Obama announced today two new small business lending initiatives to help increase access
More informationMISSION DRIVEN FINANCING OPTIONS
MISSION DRIVEN FINANCING OPTIONS WHO IS HAWAII COMMUNITY REINVESTMENT CORPORATION Hawaii Community Reinvestment Corporation (HCRC) is a community based non profit 501(c)3 organization founded in July 1990.
More informationHow To Help A Small Business Fund Fund
LISC Small Business Lending Update PRESENTED BY: Kevin Boes New Markets Support Company Kelsey Hamory New Markets Support Company Small Business Lending Products LISC/NMSC have developed a toolkit of products
More informationWHAT IS A REAL (504) LOAN?
WHAT IS A REAL (504) LOAN? The Real Estate Advantage Loan (also known as a REAL or 504 Loan) is a 10% down, fixed-rate, long-term loan designed to expand capital access, filling a market gap in long-term
More informationSmall Business Administration
Financing the SBA Way Wayne Bell District Director Wichita District Office June 6, 2012 1 Agency History SBA What it is Federal Agency Created in 1953 Purpose To help potential and current small business
More informationwww.development.ohio.gov
Minority Business Development Division Joseph Brooks (614) 466-5065 joseph.brooks@development.ohio.gov www.development.ohio.gov The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services
More informationUse this section to learn more about business loans and specific financial products that might be right for your company.
Types of Financing Use this section to learn more about business loans and specific financial products that might be right for your company. Revolving Line Of Credit Revolving lines of credit are the most
More informationAgenda. Traditional Financing
Traditional Financing This session explores the traditional financing options that are available to allow you to build value in your business while you prepare for your exit 1 Agenda Benefits of Debt Types
More informationHow To Finance A Business With An Sba 7(A) Loan
Small Business Programs and Resources Start-Up Business Weak Collateral Longer Repayment Terms Unfamiliar Industry Achieve community economic development through job creation and retention by providing
More informationHow To Get A Loan From The Savings Account Of The Savings And Loan Program
R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss In addition to drive, ambition and a great deal of planning, starting and expanding a small business generally requires capital.
More informationThe SBA 504 Program: Details, Benefits, Challenges and How to Get Involved
The SBA 504 Program: Details, Benefits, Challenges and How to Get Involved January 29, 2015 Mark Abell, SVP & SBA Division Manager Vectra Bank Colorado What do you picture when you hear Small Business?
More informationNOTE ON LOAN CAPITAL MARKETS
The structure and use of loan products Most businesses use one or more loan products. A company may have a syndicated loan, backstop, line of credit, standby letter of credit, bridge loan, mortgage, or
More informationSBA 504 Expanded Refinancing Eligibility
SBA 504 Expanded Refinancing Eligibility When is a commercial mortgage considered eligible for refinancing under the new rules? 1. The loan must have funded at least 2 years ago 2. 85% of the loan proceeds
More informationUnderstanding Working Capital in a Successful Business Acquisition or Where is the Working Capital?
Understanding Working Capital in a Successful Business Acquisition or Where is the Working Capital? Working capital definition- 1. The amount of capital needed to carry on a business. 2. Accounting- current
More informationSBA Lending - Introduction
SBA Lending - Introduction Facilitated by: Jim Kahler - Texans Credit Union Dale Donnell SBA Consulting, LLC Perry Espie US Small Business Administration American Recovery and Reinvestment Act 90% guaranty
More informationLOAN APPLICATION. Name of Business (Legal Name): Address: City, State, Zip: Business Phone: Federal Tax ID #:
LOAN APPLICATION Name of Business (Legal Name): Business Phone: Federal Tax ID #: Fax: Principals Name: Phone: Social Security #: Type of Business Sole Proprietorship Corporation Partnership Date Established
More informationLENDING GUIDELINES AND TERM SHEETS FOR:
LENDING GUIDELINES AND TERM SHEETS FOR: THE OHIO AFFORDABLE HOUSING LOAN FUND THE OHIO PRESERVATION LOAN FUND THE OCFC PERMANENT LOAN PRODUCT For information, please contact:, 614.224.8446 (p) 614.224.8452
More informationDEBT REFINANCE APPLICATIONS. How to Avoid Screenouts 2010 NADCO
DEBT REFINANCE APPLICATIONS How to Avoid Screenouts 2010 NADCO Topics to be Covered Why revisit debt refinancing Amount of debt that can be refinanced Debt refinancing requirements Documentation to be
More informationHOW TO LAND AN SBA Loan
HOW TO LAND AN SBA Loan by Ron Box, CPA/CITP/CFF With all of the uncertainty around maintaining a predictable flow of capital to businesses, a commercial loan provided by a bank but guaranteed by the federal
More informationUnderstanding Loans and Other Programs Available for Certified Minority Business Enterprises
Understanding Loans and Other Programs Available for Certified Minority Business Enterprises Presented by Allen McConnell, Manager Minority Business Development Division Slide 1 Access to Financial Assistance
More informationSBA Business Loan Programs
SBA Business Loan Programs Horizon Certified Development Company Horizon Certified Development Company Incorporated in 1982 as Hamilton County Development Co., Inc. (HCDC) HCDC is a Certified Development
More informationThe Gardens At Callaway CARE Seminar Financial Solutions for your Business. Richard Fairey, SVP Market President May 10, 2005
The Gardens At Callaway CARE Seminar Financial Solutions for your Business Richard Fairey, SVP Market President May 10, 2005 Page 2 Page 3 Page 4 Page 5 About Wachovia Assets - $507 billion Deposits -
More informationSBA Guaranty Loan Options for Small Businesses
SBA Guaranty Loan Options for Small Businesses W. Lewis Burger Lender Relations Specialist Georgia District Office Atlanta, GA (404) 331-0100 Ext 304 W.Burger@SBA.gov SBA Loan Guaranties- Understanding
More informationWright County Enterprise Loan Fund Policies and Procedures
Wright County Enterprise Loan Fund Policies and Procedures Established 1993 Revised December 1998 Revised December 2002 Revised in 2004 & approved by commissioners January 2005 1 I. OVERVIEW The purpose
More informationAccounts Payable Accounts Receivable Amortization Annual Interest Rate Annual Percentage Rate Attorney Fees Bridge Financing
Accounts Payable Accounts payable are business debts that must be paid off within a relatively short period of time, as opposed to long term debt such as mortgage loans and equipment loans. Accounts payable
More informationFranchise Financing Made Easy. How do you decide which type of financing is best for you?
How do you decide which type of financing is best for you? A Proven Business Model Why are Franchise businesses more successful than independent businesses? There are thousands of opportunities, with proven
More informationMinority Business Development Division Allen McConnell, Manger (614) 752-4833 Allen.McConnell@development.ohio.gov www.development.ohio.
Minority Business Development Division Allen McConnell, Manger (614) 752-4833 Allen.McConnell@development.ohio.gov www.development.ohio.gov The State of Ohio is an Equal Opportunity Employer and Provider
More informationCDA BLF LOAN APPLICATION
CDA BLF LOAN APPLICATION Name of of Business (Legal Name): Address: City, State, Zip: Business Phone // Fax: Federal Tax ID#: Principals Principal 1 Principal 2 Name: Address: City, State, Zip: Phone:
More informationWhy is SBA So Concerned About Debt Refinancing?
welcome Why is SBA So Concerned About Debt Refinancing? Primary reason: credit elsewhere mandate in SBA s legislation No financial assistance shall be extended pursuant to this subsection if the applicant
More informationDebt Refinancing Under the 7(a) Program. Lynn G. Ozer Executive Vice President Government Guaranteed Lending
Debt Refinancing Under the 7(a) Program Lynn G. Ozer Executive Vice President Government Guaranteed Lending Debt Refinancing SBA-guaranteed loan proceeds may not be used to refinance debt originally used
More informationVermont Employee Ownership Center. Sixth Annual Employee Ownership Conference. Financing an ESOP. Burlington, VT June 6, 2008
Vermont Employee Ownership Center Sixth Annual Employee Ownership Conference Financing an ESOP Burlington, VT June 6, 2008 Copyright 2008 by SES Advisors, Inc. All rights reserved. Program Agenda Basic
More informationMEDC Capital Services Team. Leveraging Private Capital to Increase Lending Activity in Michigan
MEDC Capital Services Team Leveraging Private Capital to Increase Lending Activity in Michigan MBGF Program Michigan Business Growth Fund Helping diversify and strengthen Michigan businesses Two programs,
More informationCommercial Lending Glossary
Commercial Lending Glossary Acre: Unit of land measure equal to 43,560 square feet. Amortization (To Amortize): The act of paying off a debt through scheduled periodic payments. Example: A 20 year amortization
More informationCITY OF REDWOOD FALLS PORT AUTHORITY REVOLVING LOAN FUND (RLF) APPLICATION
CITY OF REDWOOD FALLS PORT AUTHORITY REVOLVING LOAN FUND (RLF) APPLICATION October, 1999 Revolving Loan Fund Guidelines City of Redwood Falls The purpose of the Revolving Loan Fund (RLF) is to provide
More informationFinancial Resources Available to Poultry Producers
Financial Resources Available to Poultry Producers 2015 MN TURKEY GROWER S ANNUAL CONFERENCE PAULINE VAN NURDEN AG BUSINESS MANAGEMENT EDUCATOR 1 COLLABORATION IS KEY Work with your team to develop a plan
More informationBUSINESS LOAN APPLICATION
BUSINESS LOAN APPLICATION Thank you for your decision in obtaining a commercial loan from our business service division. Please complete the following information as accurately as possible so we may better
More information3. Seasonal or cyclical working capital to finance the temporary cash shortfalls due to the nature of the firm s normal business cycle.
11.437 Financing Community Economic Development Class 5: Working Capital Financing I. Three different meanings of term working capital 1. Excess of current assets over current liabilities 2. Firm's investment
More informationU.S. Small Business Administration
Financing Small Businesses 1 of 16 What is SBA s Mission? The (SBA) is an independent agency of the federal government established in 1953 to help start, build and grow small businesses in the United States.
More informationCongress Heights Community Training & Development Corporation. Microloan Launch April 11, 2009 10:00am
Congress Heights Community Training & Development Corporation Microloan Launch April 11, 2009 10:00am Today s Agenda Overview of Project Purpose Target Businesses The Microloan Program Terms Credit and
More information11.437 Financing Community Economic Development Class 6: Fixed Asset Financing
11.437 Financing Community Economic Development Class 6: Fixed Asset Financing I. Purpose of asset financing Fixed asset financing refers to the financing for real estate and equipment needs of a business.
More informationA Guide to Federal, State and Regional Loan and Grant Programs for Agribusiness
Illinois Office of Associate Director April 2004 Environmental 1021 North Grand Avenue East Protection Agency Springfield, IL 62706 Governor Rod Blagojevich Director Renee Cipriano A Guide to Federal,
More informationBusiness Financing. An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP
Business Financing An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Even in these challenging economic times, businesses still have a need to grow and to obtain
More informationPRESENTS. Top 5 Financing Options for Medical Professionals
PRESENTS Top 5 Financing Options for Medical Professionals TABLE OF CONTENTS Financing Options for Doctors 3 Unsecured Business Loans 4 Equipment Leasing & Financing 5 Business Line of Credit 6 Commercial
More informationIpx!up!hfu!uif Dsfeju!zpv!Eftfswf
Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Credit is the lifeblood of South Louisiana business, especially for the smaller firm. It helps the small business owner get started, obtain equipment, build inventory,
More information#1 Q: How are we assured that Zion's does not share their/our portfolio information with the competition?
Responses to On-Line Questions from SBA 504 Teleseminar #1 Q: How are we assured that Zion's does not share their/our portfolio information with the competition? A: We operate entirely independent from
More informationCONTEMPORARY CREATIVE CAPITAL SOLUTIONS FOR TODAY S HEALTHCARE INDUSTRY.
CONTEMPORARY CREATIVE CAPITAL SOLUTIONS FOR TODAY S HEALTHCARE INDUSTRY. At Contemporary Healthcare Capital we believe that every financing scenario requires an in-depth understanding of current trends
More informationFinancing Options for Your Small Business Guide
Financing Options for Your Small Business Guide PROVIDED BY THE ANGELO STATE UNIVERSITY SMALL BUSINESS DEVELOPMENT CENTER Revised May 2011 This guide neither intends nor offers specific financial advice.
More informationMicroLOAN SOUTH DAKOTA Building South Dakota Communities POLICIES AND PROCEDURES
MicroLOAN SOUTH DAKOTA Building South Dakota Communities POLICIES AND PROCEDURES A PARTNERSHIP BETWEEEN THE REVOLVING ECONOMIC DEVELOPMENT INITIATIVE FUND, SOUTH DAKOTA DEVELOPMENT CORPORATION AND THE
More informationU.S. Small Business Administration
U.S. Small Business Administration SMART PROC Conference The SBA Advantage Resources and Programs for Success SBA Loan Products Regular 7(a) SBAExpress CommunityExpress Patriot Express CapLines International
More information2012 Economic Development Finance Service Conference Federal Program Update SBA
2012 Economic Development Finance Service Conference Federal Program Update SBA April 26, 2012 10:30-12:00pm SBA Programs Microloan Program Community Advantage Intermediary Lending Pilot Program 7(a) 504
More informationLISC Small Business Loan Fund
LISC Small Business Loan Fund P R E S E N T E D BY: K EN ROSENTHAL CDC S M A L L B U S I N E S S F I NA N C E Kevin Boes LISC N e w M a r ke t s S u p p o r t C o m p a ny LISC Small Business Loan Fund
More informationModule 1: Corporate Finance and the Role of Venture Capital Financing TABLE OF CONTENTS
1.0 ALTERNATIVE SOURCES OF FINANCE Module 1: Corporate Finance and the Role of Venture Capital Financing Alternative Sources of Finance TABLE OF CONTENTS 1.1 Short-Term Debt (Short-Term Loans, Line of
More informationApplying for a Business Loan A Cardinal Bank Lender s View. Components of an Application Package
Applying for a Business Loan A Cardinal Bank Lender s View By James N. Estep, AVP, Business Lending Contents Loan Interview Expectations Types of Business Loans Preferred Business Attributes Components
More informationU.S. SMALL BUSINESS ADMINISTRATION. Craig Jordan. Lead Lender Relations Specialist
U.S. SMALL BUSINESS ADMINISTRATION Craig Jordan Lead Lender Relations Specialist James Pipper International Trade Officer GUARANTEED LENDING PROGRAMS UPDATE U.S. Government Export Financing Programs How
More informationSOURCES OF CAPITAL. 1. KINDS OF MONEY When you plan the capital requirements of your new firm, you can consider two forms of money.
SOURCES OF CAPITAL New businesses must be capitalized carefully. Entrepreneurs must identify their start-up capital needs and their cash flow through their break-even point. The total of the two, plus
More informationSMALL BUSINESS JOBS ACT:
SMALL BUSINESS JOBS ACT: HIGHER MAXIMUM LOAN SIZES, REVISED SIZE STANDARDS What advantages does the Small Business Jobs Act bring to companies in Alabama? SBA Express: SBA Express loan limits have been
More information