SBA Lender Becomes Franchise Owner with $150k SBA Loan

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So You Want to Buy a Business

Keira Hamilton

7 episodes

3 days ago

A podcast about the Entrepreneurship Through Acquisition journey.

Entrepreneurship

Business

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All content for So You Want to Buy a Business is the property of Keira Hamilton and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

A podcast about the Entrepreneurship Through Acquisition journey.

Entrepreneurship

Business

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SBA Lender Becomes Franchise Owner with $150k SBA Loan | Sterling Birdsong

So You Want to Buy a Business

52 minutes 29 seconds

1 year ago

SBA Lender Becomes Franchise Owner with $150k SBA Loan | Sterling Birdsong

This episode features by Sterling Birdsong, a franchisee and Nationwide SBA Lender with BayFirst National Bank. Sterling has been in SBA Lending since 2016 and the banking industry since 2013. He produced over $50 million in SBA loans in 2022, making him a top performer in the industry.

In this conversation, we dive into Sterling's experience as a franchisee, including why franchising has been a great model for him, and what to consider from a lending perspective when thinking about buying or starting a franchise. We also get into the nuances of SBA, including how to think about working capital, seller note dos and don'ts, and why SBA is the BEST produce out there for business acquisitions $5M and under.

Connect with me: ⁠⁠LinkedIn⁠⁠ | ⁠⁠Twitter⁠⁠ | ⁠⁠YouTube⁠⁠ | keira@arenacommercialcapital.com