Category: Financial Advisor SBA Lending

08 Nov

More Skin in the Game: The SBA’s Proposal to Reinstate the Personal Liquidity Test

Lending regulations are constantly changing, especially those that apply to SBA backed loan products. Earlier this year the SBA instituted a new version of their Standard Operating Procedures (SOP), which included language referred to as the “Personal Liquidity Test” added as part of the Credit Elsewhere Test. The Personal Liquidity Test suggests looking at all […]

16 Jul

SBA Franchise Directory Listing for Broker/Dealers

Is your Broker/Dealer on the SBA Franchise Directory? They need to be for SBA lending. Considering an SBA loan to help grow your financial advisor practice? If you operate under any type of signed agreement with a Broker/Dealer (think rep agreement), those agreements need to be reviewed by SBA, and the brand listed on the […]

06 Feb

How Do We Calculate Global Cash Flow and Why Is It Important?

Usually one of the strongest credit aspects when financing an advisor practice acquisition is the consolidated cash flow that is available from the practice that is being purchased, and the existing practice of the buyer. Often, the practice being acquired can comfortably service the project debt associated with the practice acquisition. This is an ideal […]