SBA Lending – The New Standard Operating Procedure Updated
Commercial Lending X Blog
by Brad Hettich
6M ago
As of August 1st, 2023 the new Standard Operating Procedure (“SOP”) for SBA lending (Small Business Administration Loan Programs) went into effect, and there was an update that went into effect on 11/15/23 that further clarified many of the changes already included in the August update.  Below is a summary of some of the largest and most impactful changes to the program guidelines.        You can now do partial buyouts of businesses and sellers can stay in the business indefinitely. However, one key feature of these partial buyouts is that the buyer must be buy ..read more
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2023 – One Wild Ride
Commercial Lending X Blog
by Brad Hettich
6M ago
What a rollercoaster of a year 2023 has been.  So much has happened in the commercial financing world it is hard to summarize it all.  Now that we are in the final days of December, we hope to bring some perspective to what has certainly been a crazy year in the banking world and set some expectations for 2024. The Outlook for 2024: We do believe the Federal Reserve will lower interest rates next year, and that will bring down short-term interest rates tied to the Prime rate.   We anticipate credit will start to loosen up at the start of 2024 due to the general need to gr ..read more
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SBA Lending – The New Standard Operating Procedure and the Changes to Be Aware Of
Commercial Lending X Blog
by Brad Hettich
9M ago
As of August 1st, 2023, the new Standard Operating Procedure (“SOP”) for SBA lending (Small Business Administration Loan Programs) went into effect.  There were many changes in the new SOP which impacts the SBA lending programs quite substantially.  And as with any government related program, not all of the changes have been fully flushed out yet.  Almost daily different interpretations and guidance have been released regarding many of the key changes, which is making it very hard for lenders to implement the changes.  Below is a summary of many of the key changes we think ..read more
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Where Are Commercial Loan Interest Rates Going & When Should I Refinance My Commercial Loan?
Commercial Lending X Blog
by Brad Hettich
2y ago
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2021/06/Real-Estate-Revealed-Clip-5.3.2021.m4aBrad Hettich on Real Estate Revealed, Sunday, May 30, 2021   Transcript of Real Estate Revealed Show on AM560 from Sunday, May 30, 2021   Good Morning.    First off, Happy Memorial Day weekend to everyone.  I would like to start off with a shout out to our Veterans and active service members.  Thank you for all that you do for our country.  I would also like to thank everyone that has sacrificed for our c ..read more
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Global Events & Their Impact on Interest Rates and Commercial Loans
Commercial Lending X Blog
by Brad Hettich
2y ago
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2022/03/Real-Estate-Revealed-Clip-3.13.2022.m4aBrad Hettich on Real Estate Revealed, Sunday, March 13, 2022       Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, March 13, 2022   Good morning. It is starting to feel a bit like spring out there. I wanted to take a few minutes this morning to discuss global events and their impact on interest rates and commercial loans. First off, what is going on in Ukraine right now is just terrible.  My t ..read more
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Using Leverage in Commercial Lending / Pluses & Minuses That Go With Debt
Commercial Lending X Blog
by Brad Hettich
2y ago
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2022/02/Real-Estate-Revealed-Clip-1.30.2022.m4aBrad Hettich on Real Estate Revealed, Sunday, January 30, 2022   Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, January 30, 2022   Good morning.  I cannot wait for Spring at this point – this cold is brutal.    This morning I wanted to discuss using leverage in Commercial Lending and some of the pluses and minuses that go with debt.      Let me start of by saying, I have too pu ..read more
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Scary Commercial Lending Stories Just in Time for Halloween
Commercial Lending X Blog
by Brad Hettich
2y ago
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2021/11/Real-Estate-Revealed-Clip-10.31.2021.m4a   Brad Hettich on Real Estate Revealed, Sunday, October 31, 2021 Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, October 31, 2021   Happy Halloween.    I know my topic is “Scary Commercial Lending Stories”, and stories that actually stoke fear in commercial lending are rare.  I do have one truly scare story I want to discuss though.    Right now, I am hearing from a lot of clients ..read more
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The Pros & Cons of Debt Leverage
Commercial Lending X Blog
by Brad Hettich
2y ago
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2021/10/Real-Estate-Revealed-Clip-10.17.2021.m4aBrad Hettich on Real Estate Revealed, Sunday, October 17, 2021   Transcript of Real Estate Revealed Radio Show on AM560 from Sunday, October 17, 2021   Good morning.    I wanted to spend some time this morning talking about some of the pros and cons of debt and leverage when it comes to commercial lending.    One of the first things customers typically ask me is how much financing can they get against a cer ..read more
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Alternative Commercial Loan Options
Commercial Lending X Blog
by Brad Hettich
2y ago
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2021/10/Real-Estate-Revealed-Clip-9.26.2021.m4aBrad Hettich on Real Estate Revealed, Sunday, September 26, 2021   Transcript of Real Estate Revealed Show on AM560 from Sunday, September 26, 2021 “Alternative Commercial Loan Options – Sometimes They’re Better Than Banks” Good morning everyone.  Hard to believe the first weekend of Fall is already here.  Most weeks I talk about different trends, interest rates, and products in the traditional banking market.  When I ..read more
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Key Points When Trying To Get A Commercial Loan
Commercial Lending X Blog
by Brad Hettich
2y ago
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2021/10/Real-Estate-Revealed-Clip-9.19.2021.m4a   Brad Hettich on Real Estate Revealed, Sunday, September 19, 2021     Transcript of Real Estate Revealed Show on AM560 from Sunday, September 19, 2021   “With over $1 billion in commercial loans underwritten, here are some key lessons we have learned about the industry.”   I have been in commercial lending and underwriting for just about 25-years.  This month Commercial Lending X is celebrating its 12-ye ..read more
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