Changes to the Small Business Administration (SBA) Rules
These are changes that could impact cashflow.The revisions to the SBA rules make it easier for borrowers to meet the 10% equity requirement for loans, allowing seller debt to count towards the full 10% equity injection. Other changes include the acceptance of Home Equity Line of Credit (HELOC) or cash-out refinance of real property as equity, and the simplification of debt refinance. And a newly implemented rule limits loan terms for partner buyouts to 10 years.WHAT TO LISTEN FOR5:18 Use of HELOC and Cash-out Refinance for Equity6:30 Clarification of SBA 7(a) vs. 504 Loans17:40 SBA’s New 10-year Loan Term Limit26:21 REITs Management ApprovalLeave a positive rating for this podcast with one clickCONNECT WITH GUEST ANNE MINOWebsite | LinkedIn | EmailCONNECT WITH USWebsite | You Tube | Facebook | X | LinkedIn | Instagram