The U.S. Small Business Administration (SBA) loan programs have been around since the 1950's and are used today by small and medium sized businesses. As a byproduct of the Paycheck Protection Program (PPP), more dealerships than ever are eligible to participate in and benefit from SBA’s loan programs.
Jason Lumpkin, SVP - Dealer Services at Live Oak Bank, will provide a detailed overview of the SBA’s flagship 7a and 504 loan products. Particular attention will be paid to loan product terms, program uses, benefits and features, underwriting criteria, the origination process, and lender selection. For dealers contemplating a dealership or real estate purchase, buying out a partner, executing on a succession plan, making a location image compliant, or any other capital-intensive project. This webinar will detail how to compare SBA loan products to other loan products offered by captive or bank lenders.