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…
Author: Brad Hettich
The Tightening Commercial Credit Market
Although the fallout from the various large bank failures earlier this year seem to largely be behind us, the banking industry is continuing to struggle from a wide variety of stresses that do not seem likely to disappear anytime soon, including the following:Shrinking Deposit Balances – not a day goes by where there is not…
Global Events & Their Impact on Interest Rates and Commercial Loans
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…
Using Leverage in Commercial Lending / Pluses & Minuses That Go With Debt
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…
Scary Commercial Lending Stories Just in Time for Halloween
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…
The Pros & Cons of Debt Leverage
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.m4a Brad 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…
Alternative Commercial Loan Options
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…
Key Points When Trying To Get A Commercial Loan
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…
Owner-Occupied Commercial Properties - Can I Qualify for SBA 504 Rates Below 3.00%?
When the Cares Act was signed into law it included some permanent changes to the SBA 504 lending program. Historically the program could only be used for new debt and to refinance non-government guaranteed debt under some tight restrictions. However, the Cares Act greatly expanded what loans qualify to be refinanced by the SBA 504…
Where Have All The Community Banks Gone?
Listen to Audio Segment of Brad on Real Estate Revealed Here: http://commerciallendingx.com/wp-content/uploads/2021/08/Real-Estate-Revealed-Clip-8.1.2021.m4a Brad Hettich on Real Estate Revealed, Sunday, August 1, 2021 Transcript of Real Estate Revealed Show on AM560 from Sunday, August 1st, 2021 Welcome to August everyone. As you stated, my topic for today is: “Where have all of the…