by Dave Dambro | May 13, 2025 | Blog, SBA
How Recent SBA SOP Changes Could Affect How You Buy, Refinance, or Grow a Business This Year As interest in buying, funding, or expanding a business continues to surge, the SBA has introduced several key updates to its Standard Operating Procedure (SOP 50 10) that...
by Dave Dambro | Aug 29, 2024 | Blog, SBA
Table of Contents 2 3 FirstHeadingWhere to Download the SBA Form 413Getting StartedWho Needs to Complete SBA Form 413?Gathering Your Supporting DocumentsPage 1 - Choosing the Loan Type or ProgramPage 2 - Guarantor InformationWhat to Do if You Haven't Formed Your...
by Dave Dambro | May 2, 2024 | Blog, SBA
SBA loans are notoriously tricky, and business transactions are no different. However, we are closing more SBA loans for business purchases than most banks in the country – how are we able to do this? Well, we are in the midst of the greatest wealth transfer...
by Dave Dambro | Oct 14, 2022 | SBA, What's Closing Now
Orlando, FL This husband-and-wife doctor duo needed a loan to purchase and renovate their dream office. The purchase price was $1 million, and renovations totaled $495,000. Once we rolled in the closing costs, working capital and cost overruns, the final loan amount...
by Dave Dambro | Aug 20, 2022 | Blog, Bridge Loan, Commercial Loan News, Commercial Real Estate, Loan Types, Refinance, SBA
Congratulations! You’re approved! Now what? Whether you’re an investor or a business owner, you are now one step closer to reaching your goals – which can be very exciting! However, this is also a crucial time. With the amount of risk your lender is taking...
by Dave Dambro | Jun 4, 2022 | SBA, What's Closing Now
Melbourne, FL Our client spent his entire adult life working for a very successful restaurant in town, so when the owner was ready to sell – he stepped up to buy. The only challenge was that he wanted to finance the deal immediately following a period of time...
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