Episode 229: Interview with SBA lender Paul Avery

This episode is an interview with Paul Avery, who is an SVP SBA lender with Meridian Bank. Paul and I go through the various SBA loan programs. We discussed 504 loans, 7(a), Express, Export, and Microloans. We spent some time discussing the ins and outs of the 7(a) loan. Namely, how long is the process, what documents are required, can closing costs be rolled in, what approvals are needed from the bank and SBA, and why an attorney is typically used for preparing loan documents and caring out the settlement. Below is a link to a chart covering all the SBA loan programs.

Link: North_Carolina_Loan_Chart_10-2019-Final.pdf (sba.gov)