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SBA - Greater Springfield Chamber 12-3-2010
1. Greater Springfield Chamber of Commerce SBA Loan Programs & Jobs Act 2010 By Will Bowdish, Lender Relations Specialist . U.S. Small Business Administration
2. SBA Districts In Ohio Columbus District Office Cincinnati Branch Cleveland District Office
As we saw in 2009 and 2010, the SBA range shifted a little left and was broader due to the economy. This slide may have been stolen from James Rivera and the OFA people in the early 2000’s. It’s still useful, and provides a nice visual depiction of what the SBA guaranty can do for a lender. There are certainly some financing proposals that are so strong that the SBA guaranty would never be required. At the same time, there are those proposals that are so weak, no lender should ever consider providing financing, even with the SBA guaranty. Then there are those transactions that lie somewhere in the middle. The SBA guaranty allows lenders to consider deals that are found somewhere in that (middle) range. The current situation in terms of the economy and the regulatory environment has certainly resulted in a contraction of the “lender range”, and as lenders are looking for ways to overcome those obstacles to conventional lending, moving into the SBA range has a lot more appeal than it might have had 3 or 4 years ago. (JW) As seen from the graphic, when lenders contract their own credit box, and less viable businesses experience additional vulnerability from a weak economy, the “gap lending” opportunity that SBA loans serve becomes more apparent.
Character Stress importance of a good credit history. Capital Expect owner to inject 20% to 50% in start ups. Capacity A. Measure debt service Coverage. Need 1.3x & up. Measure Debt to Net Worth “leverage” No more than 5/1 in most industries. Measure current assets to current Liabilities “working capital” 2/1. COLLATERAL only considered after comfortable with other areas of request. Condition Current economic conditions.
