Join your fellow OBBA, NOBBA members along with invited guests and industry collaborators to one of this year’s enlightening talks on SBA’s sweeping changes.
Why You Need To Know This?
Business sales is highly different from Real Estate Sales. When you acquire real estate there’s typically “collateral” to help finance the acquisition. Real estate is tangible – business is not tangible. Business acquisition is highly different as most people don’t understand, you’re really buying “air.” How do you get something that’s intangible like “air” get financed and to the closing table.
The most popular of the US Small Business Administration (SBA) loans can be the best option for business acquisition, offering competitive interest rates and long repayment terms.
Recently the SBA has made some sweeping changes to their policies that now allows opportunities that never existed before for business brokers to utilize in their profession of helping transfer business ownership.
Our Member Bank Sponsor, Huntington Bank and Paul Collinsworth will be covering these important changes to the SBA loans. Paul will share how partial ownership acquisition is now allowable with SBA financing in addition to impactful SBA SOP (Standard Operating Policies).
Paul has been with Huntington Bank for over 18 years and will discuss the evolution of this highly helpful financial product. Paul expertise and insight will help you Finish Q4 with whopping deals by utilizing and leveraging the newly implemented SBA changes.
Make sure you register and we start gathering at 11:30am and promptly get you back to work by 1:15pm.
Register Today So We Can Make Proper Seating Arrangements
Meeting Logistics:
Date: October 11, 2023 Wednesday
Where: Mi Pueblo Mexican Grill
Address: 1993 Hard Rd, Columbus, OH 43235
Time: 11:30 to 1:15pm
By attending meetings and events through and in conjunction at and with the Ohio Business Brokers Association (the Association) you are granting permission to the Association and anyone authorized by the Association to have unlimited right, without charge, to use your likeness in photos, videos, recordings and in all media now known or hereafter created to be used and distributed in perpetuity for promotional and publicity purposes. By attending you agree to release the Association, their staff, board of directors, members and their partners from any liability.
