Best banks for SBA loans to support business acquisitions

searcher profile

September 03, 2021

by a searcher from INSEAD in New York, NY, USA

Given the high interest in maximizing leverage in a business acquisition through SBA loans, has anyone looked at best options for getting SBA loans? In particular,
1. Are there banks that specialize in specific sectors (e.g., I am interested in B2B SaaS)? Or ones that are more friendly to new acquisition entrepreneurs?
2. Are there any SBA loan brokers (who can reach out to multiple banks) that are worth connecting with?

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commentor profile
Reply by a lender
from University of Wisconsin in Madison, WI, USA
It looks like this is an older thread, but I thought I would respond on the 2nd question on SBA loan brokers. I am active in this space, currently working on a couple engagements including a $7.5 million business & real estate purchase on the West coast. I don't charge the buyer since I get paid by the bank directly after a loan closes and funds. Both Byline and Live Oak are great -- I've worked at both before -- however, each bank has it's own unique credit box based on industry, deal parameters (debt service coverage, leverage, etc.) and not every deal will be a fit for any specific bank. I take the heavy lifting off the plate of the searcher by going out to market to find the bank that is the best fit for the deal, soliciting term sheets from multiple banks to bring to the searcher to help them find the best one. Byline and Live Oak are both banks that I work with, but there are others as well. Below is a link to my website and Calendly for anyone interested in connecting.

Website: https://pioneercapitaladvisory.com/

Calendly: https://calendly.com/pioneercapitaladvisory/general-networking-call-or-meet-and-greet
commentor profile
Reply by a lender
in Yorba Linda, CA, USA
Thanks for the mention of Live Oak. Please be sure to come through Lisa Forrest and I in the Search Fund Lending vertical. We are dedicated to serving the Search Fund community.

Nagendra, I'm not sure if you've attended our Self-Funded Searcher Office Hours call yet, but we have them every week. We will explain everything you need to know about using SBA financing for an acquisition, and we will provide you with a debt coverage template and deal teaser memo. Send me an e-mail if you haven't already registered: redacted
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