SBA Lending Environment

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by a searcher from University at Buffalo, State University of New York - School of Management
in Buffalo, NY, USA

3yrs ago

SBA Lending Environment

How has the lending landscape changed in the SBA space as a results of the current stress on the Banking Environment. I assume the lending is getting tighter, but has anyone actually seen any specific changes?
SBA (7a) - required equity? Interest rates? Any other adjustments / ratios?

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reply by a searcher 3yrs ago
from Wabash College in Chicago, IL, USA

My experience is its getting tighter. as we speak. I'm working with an SBA-preferred lender and just last week, I was told that their loan committee is tightening their lending standards. The bank is looking for additional equity (from me - buyer) and additional working capital (from the seller), than what was pre-flighted a little over a month ago.

reply by a lender 3yrs ago
from California State University, Sacramento in Seattle, WA, USA

Live Oak Bank has not changed our policy. We are looking for adequate historic DSC and it's been the same policy for many years now. The issue is that enterprise value expectations of sellers haven't changed to reflect the increase in capital costs. If the buyer is getting an SBA loan, they'll be able to afford less price all things being equal due to rising interest rates compared to same time last year. This makes it 'feel' like banks are tightening their policies when in fact most probably haven't.

^redacted‌ and ^redacted‌ do a weekly office hours where we walk you through a sample deal and talk about all things currently SBA. DM and I'll send you links.