In this episode, Paul and Tonya tackle a critical question that's causing confusion in the SBA lending world: Is a seller note allowed to have a shorter maturity than the SBA loan? While old rules considered this preferential treatment, the current SOP is silent, leaving many to wonder about the "spirit of the program". We dive into why this can be a painful mistake and how to avoid it.

We also cover:

• A New SBA Inspector General: The Small Business Committee has interviewed William Kirk, the new nominee to replace Mike Ware . He doesn't have much SBA experience but is expected to learn quickly .

• The Seller Note Secret: We’re diving into a question from a viewer that could change how you structure deals. Is it okay for a seller note to have a shorter maturity than the SBA loan? We're digging into the spirit of the program and why, if the deal cash flows, it should be a non-issue.".

• Borrower Expectations: We talk about how to manage a borrower's expectations and the challenges of deals that have been in the pipeline for months.

This episode is sponsored by: Res/Title

Res/Title, your "One Stop Shop for SBA closings". We're your commercial title and closing company that provides you with the tools and technology to give you an instant quote and Al property reports on any deal in the nation. Whether it's for $35,000 or $35 Mil, we handle closings anywhere in the nation with one point of contact. Get started today! www.res-title.com

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.