The Funding University | Where Business Learns About Funding
Business:Investing
TFU 030: Brett Atkins : SBA lending in today's economy
In this month’s Funding University podcast, Seth Block welcomes Brett Akins, Vice President, SBA Lender/Relationship Manager at HomeTrust Bank. With more than 18 years of background in both business and consumer banking, Brett is an expert in all SBA lending. During his tenure, HomeTrust Bank has become one of the top 75 SBA lenders in the country.
Get ready to dive into a thorough, but not boring, discussion about SBA lending, where we highlight the different types of lending platforms benefitting start-ups. We’ll hone in on features of the 7A SBA loan platform as well as discuss the SBA 504 program and its subtle differences.
Interested in learning about 7A loans and how they can help your small business? Brett addresses everything you need to know related to SBA funding. Learn about the benefits of 7A loans and how small businesses can use the funds.
We touch on the maximum loan cap amount, and what is needed to qualify.
Brett also shares information about
· Collateral
· Cash flow
· How to acquire more working capital
· Acquisitions and repeat acquisitions, buyouts
· Change of control transactions
· Repeat borrowers
· Personal guarantee and credit requirements
· Timelines for loan closure
If you’re ready for a commonsense approach to SBA loans, Brett Atkins is the person who makes it easy to understand and lays it all out in simple terms. He has a wealth of knowledge on SBA loans and a smart borrower should know the ins and outs before signing anything. I hope you get as much value from this conversation as I did. Learning from a field expert like Brett will certainly make the SBA lending process smoother, smarter, and more successful.
Seth Block, Founder, The Funding University
About The Funding University:
The mission of The Funding University to Enable Funding around the world. Hosted by Seth Block, CPA.
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