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Podcast: Martinka Consulting's Getting the Deal Done Podcast
Episode: Myth or Fact on Business Acquisition Loans with Lisa Forrest of Live Oak Bank
Description: Lisa Forrest, a regular guest of ours given how often the SBA changes their rules, joins John for a fun episode.We cover over 30 items on business acquisition loans (emphasis on SBA loans) with Lisa answering "Myth or Fact" for each one When there are nuances, she goes into detail. Some of the 30+ are:All seller notes have a standby periodThe buyer can use a HELOC for their down paymentInvestors owning under 20% don’t have to personally guarantee the buyer’s loan (a few nuances here)An SBA loan can have a claw backShe clar...