Vet Collective’s Post

📢 Join Us for a LinkedIn Live Event: Business Acquisition Financing for Veterans! 🎖️ Are you a veteran interested in acquiring a business? Understanding the landscape of business acquisition financing can be challenging, especially with so many variables that influence how lenders evaluate loans. Join us for a live session tailored to help you navigate these complexities and make informed decisions! 🗓 Date: October 16th, 2024 ⏰ Time: 12pm EST 📍 Location: LinkedIn Live (right here!) What We'll Cover: Not all lenders approach business acquisition loans the same way. They each operate within a unique "credit box" that determines their preferences and requirements. We’ll discuss 13 key factors that set lenders apart, so you can better understand the financing options available to you. Key Topics: 1. Collateral Requirements – Learn about lenders' preferences for tangible vs. intangible assets and how loan-to-value (LTV) ratios differ. 2. Debt Service Coverage Ratio (DSCR) – Understand the DSCR lenders require to assess if a business can cover its debts. 3. Down Payment Flexibility – Explore how much down payment is needed and when seller financing is an option. 4. Industry Expertise – Discover how lenders’ industry specializations impact their risk appetite. 5. Loan Structure Options – Get insights into SBA 7(a) vs. SBA 504 loans, amortization periods, and interest rate structures. 6. Borrower Requirements – Learn about credit score expectations and the importance of borrower experience. 7. Deal Complexity – Find out how loan size and complexity can affect lender preferences. 8. Approval Processes – Understand the difference in approval speeds and underwriting flexibility. 9. Geographic Focus – See how regional vs. national lenders approach financing. 10. Loan Covenants – Learn about operating covenants and post-closing monitoring requirements. 11. Parri Passu Loans – Understand how shared-risk loans work alongside SBA loans for larger deals. 12. USDA Loans for Rural Businesses – Discover financing options specifically for rural business acquisitions. 13. Airball Loans – Learn about uncollateralized loans that focus on cash flow and creditworthiness. Additional Topics: - SBA Loan Requirements – From equity injection to seller financing nuances, we’ll cover SBA guidelines you need to know. - Debt Service Coverage Ratio (DSCR) – A closer look at DSCR, an essential metric for assessing financial health and loan eligibility. - Seller Notes and Standby Options – Understand how seller notes and full/partial standby options can work in your favor. Why Attend? This event is ideal for veterans looking to acquire a business, as well as advisors who support them. You'll leave with a clear understanding of how lenders evaluate deals, the types of financing structures available, and how to position yourself for success in the financing process. 👉 RSVP by clicking "Attend"!