Ray Drew has dedicated his entire professional career to helping small business owners navigate through the intricacies of SBA borrowing. His job is to structure a customized loan solution that meets the unique needs of the business and guide the entrepreneur through the process.
Ray’s current role is Managing Business Development Officer at Fund-Ex Solutions Group, one of 14 licensed non-bank SBA 7(a) lenders. He is the Host of The Art of SBA Lending Podcast and he just launched a YouTube Channel for entrepreneurs seeking credible information about SBA 7(a) loans called SBA Ray.
This episode talks about:
– The difference between bank and non-bank lenders – What to consider before applying for an SBA loan? – Difference between SBA 7a and 504 loans? – Typical terms and requirements for SBA loans – The maximum loan amount under 7(a) SBA loans? SBA 504 loans? – Do SBA loans require a personal guarantee? – What types of small businesses receive the most SBA funding? – If you are buying a business, how much financing can you get? – Common reasons for why SBA loans get denied. – The increase in business acquisitions over the last 2 years and how SBA finance plays a role in acquisitions – The average interest rate for SBA loans? Understanding how interest rates work with SBA financing.
To connect with Ray Drew and learn more about SBA loans, please visit: