[WestCoastFunding]

SBA is a great program used properly. The challenge right now is getting any of them approved at any level with any institution. You better give your client options in this environment because time is not their friend. Use your head and give them several available financing options that have CERTAINTY to close.

The legislation I’ve seen would have the enhancement will increase the govt guarantees to 100%. If that ends up being the case, I don’t see why any institution would have issues approving qualified borrowers.

[Kevin Henry-Seacoast]

The legislation I’ve seen would have the enhancement will increase the govt guarantees to 100%. If that ends up being the case, I don’t see why any institution would have issues approving qualified borrowers.

Most of the SBAs for small businesses are backed by the Feds, but most are approved and managed by smaller community banks or non-bank institutions. Since a large amount of smaller institutions are working to serve current clients and manage their portfolios it is going to be difficult closing a lot of these offerings considering the environment.

Everyone and their Dutch Uncle has been pushing SBAs for the last week. That is one busy highway......

KH