041. SBA Now: Restaurant Lending with Loan Officer Scott Cisneros

Securing an SBA loan for a restaurant isn't easy. Banks understand the risks involved, especially given the high failure rate of restaurants. In this episode, we sit down with Scott Cisneros, a senior loan officer at City National Bank, who specializes in SBA 7a loans for restaurant acquisitions. With decades of lending experience and a reputation for straightforward advice, Scott is a trusted resource for brokers and buyers navigating restaurant financing.  Scott explains why most banks prefer SBA financing for business acquisitions. We dive into why experience matters in the application process, how seller financing can impact the deal, and why smaller SBA loans are significantly more challenging to secure than larger ones. We also explore the current lending landscape, including why recent years have been among the toughest, and what to expect as interest rates continue to change.  Get full show notes, resources, transcript, and more information here: https://www.therestaurantsalesbroker.com/41. If you’re considering selling your business and would like a free consultation, reach out to [email protected] or visit TheRestaurantSalesBroker.com to learn more.