SBA 7a lender term sheets

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from King's College London, University of London
in Dallas, TX, USA

2yrs ago

SBA 7a lender term sheets

Happy Monday! What rates and down payment requirement are you seeing on term sheets?
Looking for some comps for a $4M-5M acquisition and any lender you would recommend for low rates on the SBA 7a.

0 Likes

347 Views

reply by a searcher 2yrs ago
from Hofstra University in New York, NY, USA

This should be a monthly/weekly thread. Any lenders please send me a DM as well. Always interested in new lender/banking relationships both SBA and non sba

reply by a lender 2yrs ago
in United States

^redacted‌ - I've learned to be skeptical of SBA loan term sheets from direct lenders attached to business listings. From my time previously working directly for many years with various SBA lenders, I saw too many inexperienced SBA lenders hand out term sheets as if they were giving away free candy during a parade.

These newcomers often based their term sheets on the broker listing summary or broker recast of financials without diving into the crucial IRS-filed tax returns—the real basis for any bank's approval.

Shopping for a change of business ownership loan project based on these superficial term sheets is like gambling on a random spin of the wheel, hoping for favorable numbers without any solid foundation.

True, term sheets often serve as mere enticements, lacking in real substance. To truly understand what's on the table, one must demand and work with the hard facts, far beyond what any initial term sheet might suggest.

Not all SBA lenders are created equal for many reasons. There are trusted ones who take their craft seriously with pride. As a business acquisition loan consultant, I wouldn't ask these partners of mine for any early terms or interest rate until we have sufficient factual data on both the buyer and the subject business that the underwriters will review and opine.