SBA 504 Loan Program: Updates and Rates for August 2023

SBA 504 Loan Program: Updates and Rates for August 2023

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The podcast episode discusses SBA 504 loan updates and rates for August 2023.

The updates are generally positive, covering topics such as affiliation rules, franchise directories, partial buyouts, standby requirements, and management agreements. The affiliation rule has been simplified, focusing on ownership percentages and business codes for determining affiliation.

Other changes include removing SBA franchise directories, allowing partial buyouts, and revising standby and management agreement requirements.

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Timestamps:
(00:51) Updates on SBA rates, discussion on affiliation, and changes in SBA rules.
(03:40) Affiliation rules and financial documentation.
(04:56) Changes in SBA franchise directory and eligibility.
(05:44) Partial buyouts in SBA loans and guarantor requirements.
(07:26) Changes in standby requirements for SBA loans.
(08:18) Removal of SBA review of management agreements.
(08:46) Increase in SBDC licenses for non-bank lenders.
(09:36) Focus on small SBA loans and relaxed guidelines.
(10:41) Beau and Carey talk about deal structuring
(12:20) Special purpose properties and startup considerations.
(14:20) Use of land grant as an injection in SBA loans.
(15:38) Importance of SBA loans during tough economic times.
(16:58) Go to investorfinancingpodcast.com/ask to ask other questions
(17:30) Potential forthcoming changes in 504 refinance rules.
(18:01) Discussion on structuring refinances and potential benefits.

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#SBA504LoanUpdates #AffiliationRules #FranchiseDirectories

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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