Are non-SBA cash flow lenders still lending on high goodwill deals?
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by a searcher
from Emory University - Goizueta Business School
in San Antonio, TX, USA
in San Antonio, TX, USA
6yrs ago
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by an intermediary
6yrs ago
from Indiana University at Bloomington in Carmel, IN, USA
from Indiana University at Bloomington in Carmel, IN, USA
Yes they are. SBA 7a is a pure cash flow loan, and with the PPP, you get 6 months paid if the loan closes by Oct (Sept 27th). The banks were pretty busy with the PPP, but now are looking for good loans. With slow down due to Covid, you have to get creative to get a deal done, both with the bank and with the seller, but there are ways to get it done.
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by a lender
5yrs ago
in Yorba Linda, CA, USA
in Yorba Linda, CA, USA
Yes we are here at Live Oak Bank. Most of the loans we have funded are asset-light (high on goodwill) and our credit box is cash flow oriented. We have continued to fund conventional and SBA loans throughout 2020 and are having one of our strongest years ever. Many sellers are more motivated to sell now rather than manage their business through Covid and a recession.
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