Episode 5 - SBA ; the programs and process

OK, so you're heard about SBA loans - how they can help you start a business, buy a business, buy commercial real estate, expand, refinance, etc. But what are the main programs? What is the process? I try to explain here what the two main programs are; the 7(a) and the 504. I talk about how most lenders/banks look at a business, the cashflow, and you personally - in everyday language. Then I explain the timing and application process for the financing. The process always seems a bit overwhelming to people at first but once they heard it and start moving ahead, it isn't so bad. Get that momentum going. Listen up, and thanks! Jim Frey - doughforthedream.com and doughforthedreamblog.com