Term Sheets | Ep. #2
The Art of SBA Lending - A podcast by Ray Drew - Thursdays
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In this episode, I do a deep dive into the SBA pre-approval process, specifically covering the topic of term sheets. - Immediate term sheets vs. credit-approved term sheets SBA Pre-Approval Checklist: Personal (anyone who owns 20%+) Personal Financial Statement 3 years Personal Tax Returns Personal Credit Score Resume Business 3 years Business Tax Returns Interim Financials (P&L Statement and Balance Sheet - no more than 90 days old) Business Debt Schedule (if applicable) Transaction Project Cost Breakdown LOI / Purchase Agreement (if applicable) The content of this podcast is my own and does not necessarily reflect the views of my employer.