{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"SBA Loans Explained: How to Buy or Grow a Business with 10% Down - Featuring Brett Bawden","description":"Thinking about buying a business or expanding the one you already own but not sure how to fund it? In this episode, Spencer Ward sits down with Brett Bawden, SBA lender at Truliant Credit Union, to break down exactly how SBA financing works in the real world, not the fluff, the actual rules lenders use to say yes or no. They dig into Entrepreneurship Through Acquisition (ETA), how you can buy a business with as little as 10% down, and what it really takes to qualify. You\u2019ll learn: How SBA loans work (and why they\u2019re one of the best tools for acquisitions) The 5 C\u2019s of lending\u2014and how lenders actually evaluate you What a 1.25x debt service coverage ratio means (and why it matters) Why lenders treat acquisitions like startups How much you can borrow (up to $5M+) When you can get 100% financing\u2014and when you can\u2019t The biggest mistakes buyers make when trying to get approved If you\u2019re planning to buy a business: This episode will save you time, money, and frustration by helping you understand how lenders think. If you\u2019re planning to sell: Clean financials aren\u2019t optional. What you write off today could cost you your exit tomorrow. \ud83d\udcde Connect with Brett Bawden: 208-244-4666 (Nationwide SBA lending + business valuations) If you are feeling the love, make sure to subscribe, rate, and review on iTunes, Spotify, YouTube, or wherever you are!! If you'd like to be featured on an episode go to theidahobusinesspodcast.com to APPLY! Apple Podcasts Spotify YouTube ","author_name":"Idaho Business Podcast","author_url":"http:\/\/www.pocatellobusinesspodcast.com\/","html":"