New SBA Loan Rules Just Changed! What Business Buyers and Sellers Need to Know

Are you planning to buy or sell a business using an SBA loan? In this episode of My SBA Loan Pro, Rob Kale discusses important changes to SBA lending rules effective October 1 and explains what business buyers, sellers, and owners need to understand before moving forward with a business acquisition.

We explore how the updated SBA loan requirements may affect business acquisitions, ownership changes, seller transitions, and the loan approval process. We also discuss quality of earnings (QofE), financial due diligence, investor distributions, debt, and how buyers and sellers can better prepare for an SBA-financed transaction.

In this video, you'll learn about:
- New SBA loan rules and their potential impact on business acquisitions
- What business buyers and sellers should know before applying for an SBA loan
- Ownership changes and seller transition considerations
- Why financial documentation and quality of earnings matter
- Common due diligence challenges in business acquisitions
- How buyers and sellers can prepare for the SBA lending process
- The role of AI in business acquisition research and due diligence

Whether you're a first-time business buyer, an entrepreneur, a business owner planning to sell, or a professional working in business acquisitions, this discussion can help you understand the issues to consider before pursuing SBA financing.

Watch until the end for insights that may help you prepare for your next business acquisition.

Subscribe to My SBA Loan Pro** for more discussions about SBA loans, business financing, buying a business, and business acquisition strategies.

More ThinkSBA Resources

⁠https://calendly.com/thinksba - Schedule Call
https://g.page/thinksba - Google Business Page & Reviews
https://thinksba.com/faq - Frequently Asked Questions
https://mysbaloanpro.com⁠ - My SBA Loan Pro Podcast
http://youtube.com/@thinksba - YouTube Channel

Thinking about using an SBA loan to become a business owner? In this episode, we break down the three most common paths: starting an independent business, opening a franchise, or buying an existing business.

▶️You’ll learn:

➡️Which option is easiest to finance
➡️How lenders evaluate each type of deal
➡️SBA down payment and liquidity requirements
➡️Business plans and financial projections
➡️How lenders evaluate experience and credit
➡️Why business acquisitions can be easier to finance
➡️Working capital and collateral requirements
➡️Business valuations and seller financing
➡️Common mistakes first-time borrowers make

Whether you're considering a startup, a franchise, or a business acquisition, this episode will help you understand what lenders look for before you apply for SBA financing.

🎙️ Hosted by Ryan Smith

If you liked this content, let's connect on social media:

Instagram: https://instagram.com/mysbapro
Twitter: https://twitter.com/mysbapro

More ThinkSBA Resources

⁠https://calendly.com/thinksba - Schedule Call
https://g.page/thinksba - Google Business Page & Reviews
https://thinksba.com/faq - Frequently Asked Questions
https://mysbaloanpro.com⁠ - My SBA Loan Pro Podcast
http://youtube.com/@thinksba - YouTube Channel

From W-2 Employee to Business Owner: How She 10X’d Her Insurance Agency

What does it really take to leave a W-2 job, start your own business, and build a company that grows beyond you?

In this episode of the My SBA Loan Pro Podcast, Ryan Smith sits down with Stephanie Petrickova, Principal and Founder of SSA Insurance, for an honest conversation about entrepreneurship, leadership, business growth, commercial real estate, and the mindset required to take the leap from employee to business owner.

Stephanie shares the story of how she went from working at a financial planning firm to launching her own benefits agency—and how she eventually grew the business by more than 10X.

We also dive into one of the biggest decisions she made as a business owner: buying a commercial building instead of leasing one.

▶️In this episode, we discuss:

• How Stephanie transitioned from a W-2 employee to business owner
• The risks and fears involved in starting a business
• How she prepared for six months before making the leap
• Building and growing an insurance and employee benefits agency
• How her business grew more than 10X
• Leadership, confidence, and overcoming self-doubt
• Why getting outside your comfort zone matters in business
• How to build a strong company culture
• Managing time as a growing business owner
• Delegation and hiring an executive assistant
• Building a community of fellow business owners
• Why Stephanie chose to buy commercial real estate instead of leasing
• How owning a commercial building changed her company culture
• Using commercial real estate as part of your business strategy
• Community events, networking, and business development
• Moving from working “in” the business to working “on” the business
• Advice for W-2 employees who want to become entrepreneurs

If you liked this content, let's connect on social media:

Instagram: https://instagram.com/mysbapro
Twitter: https://twitter.com/mysbapro

More ThinkSBA Resources

⁠https://calendly.com/thinksba - Schedule Call
https://g.page/thinksba - Google Business Page & Reviews
https://thinksba.com/faq - Frequently Asked Questions
https://mysbaloanpro.com⁠ - My SBA Loan Pro Podcast
http://youtube.com/@thinksba - YouTube Channel