SBA Loans for Child Care
SBA (Small Business Administration) backed loans provide an excellent source for financing for child care businesses. This Workshop with Jonathan Lamb, an SBA lender, provides great information about SBA loans for child care businesses. In this Workshop, you’ll learn:
- Types of SBA loans and how they may be used in child care.
- SBA loan process.
- Loan qualifications and underwriting.
- Tips for child care business sellers and buyers.
And a lot more – PLUS, be sure to check out the accompanying resources too.
00:09:28 – Child Care Experience
00:15:00 – Amortization Schedule00:17:30 – SBA Loan Fees
00:26:20 – How long does it take?
00:34:35 – Underwriting – Preferred Lender
00:37:35 – Lender’s Experience with Child Care
00:41:50 – Seller’s role with buyer obtaining loan
00:44:20 – Seller Tips for buyers ability to finance the purchase
00:55:15 – Child Care Business History
00:58:35 – Seller Employment Contract
01:01:45 – Seller Financing Pay Back
01:04:14 – Debt Coverage Ratio
01:07:25 – 401K Funds and SBA Loans
