How to Get an SBA Loan (Everything You Need to know) | Ep #10 ZTPF

[@TariqJohnson]

What SBA Loan questions do you have? You can reach Glenn at [e-mail] . (He is now with a different bank) Tell him you saw him on this podcast!

[@mayersb67]

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[@SusanahGreely]

Bitcoin is a bank in cyberspace with better returns, but most people may need an advisor to maintain a balanced growth portfolio.

[@MarieLegrand-p7z]

Well agreed, I once assumed I had a hang of the market, accrued a few bucks and got super elated, not until I stumbled upon a portfolio coach who didn't only hedge my portfolio from the COVID-19 crash, but so far gained over 330% ROI. IMO, nothing beats expertise.

[@MarieLegrand-p7z]

Personally, I delegate my excesses to someone of great expertise, *Katherine Nance Dietz*. Preferably, you can look up the name on the web; her qualifications speak for themselves.

[@MarieLegrand-p7z]

I've stuck with **Katherine Nance Dietz** for 4 years now, and her performance has been consistently impressive. She’s quite known in her field, so you can confirm her on the internet.

[@AlbertoAlejandro-g1e]

Insightful comments; easily spotted **Katherine Nance Dietz** after inputting her full name on my browser. I find her extremely knowledgeable with over two decades of experience.

[@lanejones]

I enjoyed this video. So many bankers, slough off SBA loans. Glenn is a special banker representing a great bank for SBA Loans.

[@jonport_]

Bro this is amazing. I have an SBA horror story. I went to buy a company to expand my pool company And it drug on for about six months and come to the end tell us that we could get to financing for ridiculous reasons. Basically we went through a local bank who was unqualified to give us an SBA. Great job looks like Glenn knows what he’s doing. I’m about to buy another company either the end of this year next year so I’ll definitely be get in touch with him

[@chawanneburn5996]

Are you able to secure your grants funding application assistance yet???

[@chawanneburn5996]

Where are you originally from??

[@jonport_]

I do t believe so. Indiana.

[@chawanneburn5996]

@@jonport_ 325

[@chawanneburn5996]

@@jonport_ 261

[@GatorBall]

This is great content and right on time. Thanks Tariq and Glenn.

[@TariqJohnson]

Our pleasure! Glad it's helpful for you Bobb.

[@diamondvideos1061]

I found Glen from this podcast. We are at the last stages of a challenging process. Glad has been fantastic!

[@TariqJohnson]

Awesome Mitch! Glenn is first class for sure.

[@germainegoldsmith8755]

Nice information. Your videos & inspiration gives me hope. . Continue to uplift, & bless others with your amazing knowledge, sir

[@TariqJohnson]

You made my day! Thank you 😁

[@RapticGaming]

I’ll give Huntington bank a call tomorrow. I went on their website and they have a list of loan officers and showed the states that they are in but I didn’t see California which is the state I plan on buying the franchise in. They claim to be #1 SBA Lender in the Nation. So I’d assume they do it in all states right?

[@TariqJohnson]

Just email Glenn directly. They are nationwide for SBA loans. [e-mail]

[@shakebackllc9905]

@@TariqJohnson thanks so much for your knowledge... I'm sure Glenn New office in Nashville and nationally could use my pressure washing services right 😅, peace.

[@chawanneburn5996]

Where are you originally from??

[@johnmahland363]

That email doesn’t seem to be valid. I got a response, but it was referring me to another person.

[@spiritual_home_for_artists]

Hello! 13 minutes in and will definitely be reaching out to Glenn regarding an SBA loan and I’m in Nashville Tennessee! :)

[@TariqJohnson]

Awesome!

[@chawanneburn5996]

Are you able to secure your grants funding application assistance yet??

[@tiahardy3600]

Love this'' Vlog" Thank you T.. I had 0 Faith in the SBA from last Year.. It was a Nightmare... I never received a the Grant" I was Approved' for.. And mu Business Expired so then i was Denied" actually from" my business expiring' after waiting a whole Year" to receive funding.. Just a Nightmare... but am so happy to hear that there are Consultant's that can help' the New Businesses.... Hopefully some businesses can be reestablished' with out all the high fee's.. My New fees are $1024 to reestablish way out of my buget' but am praying for small business owners...

[@TariqJohnson]

Ah, that doesn’t sound fun.

[@robbieoden4983]

Can’t you create another business

[@VincentButlerD1Kennels]

omg ive had the exact same experience....the worst experience

[@sanfs143]

I need to contact this man for my SBA loan. I listened to a lot of other people. By far, this man make the most sense to me. I would love to work with him

[@reginacameron3011]

I have a great SBG rep I would not change her for anything. She goes over my business plan its taking me about 2 years still working on the BP. I also worked on my credit the whole time.

[@TariqJohnson]

That's great!

[@toreyjohnson]

Were you able to get a SBA LOAN?

[@RealtorSusyLopez]

Awesome content from the lender himself...Thank you it was an awesome video with so much helpful information

[@TariqJohnson]

Glad you enjoyed it!

[@janay173]

Great content ! Looking to expand my current businesses. This information filled in a lot of blanks. Thank you!

[@TariqJohnson]

Glad it was helpful!

[@belluuugaaa492]

I just fond this channel. Great information. Your channel should be bigger with the amount of gold level info you give. Keep up the good work.

[@TariqJohnson]

Thanks for that. I’m working on it! Hopefully soon.

[@imranallimortgage]

Good stuff! Never try to bookkeeping on your own. I’ve tried this and almost destroyed my businesses.

[@TariqJohnson]

Spot on.

[@worldwideachievers1234]

Hey Tariq. Great video. My partners and I are in the market for a SBA loan. Appreciate this interview with Glenn. My partners and I are reaching out to him. Thanks and keep up the great work.

[@TariqJohnson]

Excellent, good luck with the process!

[@Drizzelbuddy]

Hi Tariq,. Could you make a video of the step by step processes involved from nothing to running a business, such as what are the chronological steps you have to take for the business to be up and running, because I am very confused!

[@TariqJohnson]

Hey Jashan, I’ve done a video like that in the past that is franchise specific : How to Buy A Franchise [2022] EASY 9 Step Guide kzbin.info/www/bejne/pXWaenyOlq15qck

[@chawanneburn5996]

Are you able to secure your grants funding application assistance yet

[@LanceSurratt-r8s]

Great interview. Thank you for the valuable information.

[@tylervelocity]

Great info, Im looking to get funded by VC or investment bankers to purchase commercial property to build a franchise on.

[@TariqJohnson]

Nice!

[@SigningWithOmar]

Thank you for the video and thanks for introducing Glenn Giro.

[@TariqJohnson]

Our pleasure!

[@Brianf1977]

Cash is always the roadblock, 20 down and 50 in the bank is not really easy for the average person

[@TariqJohnson]

I get it. It took me 9 years from when I first started looking at franchising, until I bought my first one. I believe in you buddy. You can do this. 👊🏾

[@Fbermudez11]

I'm glad I found this video very informative, time to get started on my business plan

[@TariqJohnson]

You got this!

[@atomsmovie]

I have $100k from penny stocks and crypto. No other assets. Can I get an SBA loan to buy a business?

[@SLINGCHIRO]

Really good info! Explains a lot especially when you don't know where to start

[@TariqJohnson]

Glad it was helpful!

[@SymphonyScavarda]

This is great info. Cab I apply for an SBA loan to acquire a land and build a gas station/franchise gas station?

[@TariqJohnson]

Generally speaking, yes.

[@torobands8730]

Im ready to start im willing to sacrifice everything for this what steps i see it doesn’t matter if its 12 months or 6 months i see this clearly

[@TariqJohnson]

Good luck!

[@MimiJoseph-zx5kx]

Hi Tariq. I’m looking to buy a business without down payment for the business loan I do need to fix my score credit It’s not that low What is your suggestion for this request ?

[@alexandervalladares2501]

Great Interview Tariq... Congrats on your channel.

[@TariqJohnson]

Much appreciated!

[@BertitoPerez1]

Great info I would like to grow my trucking company, i have a lease on a truck is there any way i can get help to grow???

[@TariqJohnson]

Reach out to Glenn and ask! [e-mail]

[@chawanneburn5996]

Are you able to secure your grants funding application assistance yet??

[@gonzo19211]

Tariq, thank you for all the information you provide. I have a company that invests in oil and gas wells/water, etc and am looking for capital. It doesn't sound like I could qualify based on the type of business I am in. Any thoughts? Thank you again for all of your info. Would love to purchase a franchise for cash flow. Trying to learn about this as much as possible.

[@TariqJohnson]

I don’t think you can use an SBA loan for an investment, only to start or acquire a business.

[@Thedon903]

Great information thanks for sharing

[@shepherdsfleetservicesllc8147]

I am scared I won't get SBA loan. If I don't get approved we end up going under. I got credit in low 500's and been LLC since Aug 31 2022. Service truck I use falling apart. And equipment and inventory causing us have to turn away some of work.

[@TariqJohnson]

You need at least 675 credit score to get an SBA loan. Gotta get that credit up man!!

[@0690supermoto]

How can I speak to this guy? My SBA loan was approved in September 2020 and I still haven't gotten my money!!! I'm so pissed about this!! I've lost alot because of this..my business was starting to grow and because of the SBA sandbagging my disbursement for 2 years I've lost almost everything in business!! I call the sba and keep getting the line.

[@TariqJohnson]

His email is in the description. [e-mail]

[@chawanneburn5996]

Are you able to secure your grants funding application assistance yet??

[@tiahardy3600]

They were a Nightmare last year" I waited a whole year to receive the Grant" till my Business Expired" they Denied" me on an expired" License with in a week" But took a year waiting for the Grant" Awful

[@AutumnSupplyCompany]

Very informative, great discussion. I just texted Glenn, so let me say thank you.

[@TariqJohnson]

Awesome, my pleasure.

[@shen6088]

Thanks for this presentation. Very helpful.

[@TariqJohnson]

Glad it was helpful!

[@duypham76]

I'm still paying for an sba loan

[@BudMan64]

I have been wanting to open a business but would need a lot of help with finances.

[@TariqJohnson]

Start small.

[@AssortedVideosforALL]

Is there a basic clear fine line? For 1st time small business owner? Basic i am typing for a minimum of $50k or mac $100k...

[@justinakkerman9196]

I wonder how much of this is still relevant in July 2023.

[@TariqJohnson]

All of it.

[@dwayneperk1911]

The SBA 504 Loan is a better product for projects that include real estate. This loan is strictly for fixed assets based projects.

[@TariqJohnson]

Thanks for the tip!

[@shen6088]

So if a General Contractor/developer to build single family homes can't get an sba loan. Although I am a small business and could use a working capital loan or a line of credit for small jobs.

[@VICKIECARPENTER-zr1pt]

Great information thank you for sharing!🙂🤩

[@TariqJohnson]

Glad it was helpful!

[@brandonford4474]

Requirements 24:00

[@TariqJohnson]

👌

[@nucommer]

Hey think you can help me or give me advice on what to do about an approved loan that was always approved but never funded in over three years. Now they say they canceled it.

[@TariqJohnson]

Have you reached out Glenn?

[@daverobau9656]

Does the SBA require the borrower to use their home as a personal guarantee?

[@TariqJohnson]

Many times, yes- but it just depends on your financial situation. You must have collateral to get the loan.

[@santarodriguez5503]

Love love this information

[@jamariquai01]

Hello. I'm a truck driver. And I just started my own company. RHO-Trucking. I'm looking for grants or a loan. Is a SBA loan, good for truck drivers and how would it benefit me, to help get my 1st truck and supplies.

[@TariqJohnson]

I think an SBA loan can help anyone who qualifies and needs capital. Whether it’s the best option for you, I don’t know or have info for that.

[@jamariquai01]

@TariqJohnson I applied. But didn't get approved.

[@galactix_crypto]

What’s the average collateral pledged by the borrower?

[@sonyhuu5598]

do i have to be employed in order to take out SBA 7 a loan for a hairsalon?

[@tello.pallets]

Important question: In order to qualify for these does it need to be under a corporation?

[@Fletch6]

No

[@KimH007]

Great information 👍🏿

[@TariqJohnson]

Thanks Kim!

[@nathanielcormier4930]

Nice information

[@TariqJohnson]

Thanks!

[@mrsmjporter]

It sounds like we are one of those categories. We expanded last year, but couldn’t get loans. Would could only get credit, and now have high interest. I’m not sure if I list as debt consolidation or expansion now or if that affects our qualification.

[@VERONICAL.REINALDO]

Hello . Please schedule a 1:1 with me . I am a licensed broker and I can assist your with business funding . I am an affiliated branch of the Sba

[@mumamumenufuaboloh3449]

I’m new on this channel and I would be looking to tap in while building my business though I would love to get some income coming in from the company

[@TariqJohnson]

Nice

[@fabianaguerra3813]

very interested I need a small business loan

[@drsingingeagle]

- I like this guy. He wiggles almost as much as I do.

[@TariqJohnson]

My money don't jiggle jiggle.

[@nate2091]

If you have a bankruptcy on your credit report from 6 years ago do you half to keep waiting to get an SBA loan until it falls off?

[@TariqJohnson]

I’m not sure, that’s a question for SBA lenders.

[@VictoriaStevens-l5t]

How to get in touch with glen

[@trashyourjunkllcjunkremova6251]

So when considering an SBA loan, which we currently are to expand, do you just go to your local Huntington Bank? Or does Glen work with small business applications from all over?

[@TariqJohnson]

Glenn works all over.

[@-werv-248]

Is it ok to write a business plan in the bullet point format

[@TariqJohnson]

Probably not. There are a lot of business plan templates for free online.

[@OzzyMtz]

75% of the Loan & 50% On Lines Of Credit Good 👍

[@TariqJohnson]

👌

[@josephkhan2860]

My wife and I are trying to start the Cargo Van hauling business, but I need funds to start buying equipment and Caro van, including LLC,Website, and advertising material.including commercial business and LLC Insurance. Advise and help with tip. What do I need to start applying

[@TariqJohnson]

Talk to a business banker at your bank and watch this video on funding. kzbin.info/www/bejne/jILLn3qCqq13itUsi=JiB5OG4qRDocb6hh

[@bobbyth1]

I’m looking for SBA loan to buy commercial property and I’ve been in the business for over 15 years San Diego California

[@docimma]

After receiving preapproval from Ready Capital, the process has stalled. Could Huntington assist me? Quality candidate w MD/MBA and collateral. Startup low volume.

[@TariqJohnson]

Possibly, reach out!

[@Gabeqloque]

Got a question. I am a business owner of a construction company and got the financials. I can’t get an sba loan to buy land, build houses , and sell ?

[@TariqJohnson]

I'm not sure about that one- that would be a good question for Glenn

[@alexm5632]

Can Canadian citizen, with E-2 visa get SBA loan?

[@sebastianvelez7528]

Hello !! I would like to start a new business and use a SBA loan as a funding option. In the case I want to expand the business in the future, can I request for another SBA loan ? How many times can a business owner apply for those loans ? Great podcast, thank you.

[@TariqJohnson]

I don't think there is a limit- but don't quote me on that.

[@adrianmountainmansr.9787]

Does this information still apply with higher interest rates? Are banks still willing to loan?

[@TariqJohnson]

Yessir

[@afura1987]

I want to apply for SBA loans

[@annettelopez9899]

Hello, Do you know if SBA will assist in starting ATM business ?

[@TariqJohnson]

Not sure

[@alishaangel9784]

Great information

[@TariqJohnson]

Glad you liked it!

[@earllombardo7640]

So how would i apply for a SBA backed loan if the the owner of possible business being bought wants to see proof of funds first?

[@TariqJohnson]

Provide a pre approval letter for the loan amount and show proof of funds for the down payment you’ll need. Typically 10% down is required.

[@dgballin21]

Are these loans ever made without a personal guarantor? Last thing I want is to take a shot in a small business, have the business fail since more than 50% do, and then have the creditor come after my personal assets bc I’m a personal guarantor. If the Sba already covers the loan why also come after the owners personal finance?

[@TariqJohnson]

Not usually. Most require a PG.

[@gladysbin9174]

Good information

[@TariqJohnson]

thanks!

[@jensax]

Hello, is Glenn still working for Huntington Bank??

[@TariqJohnson]

Yes

[@black12212]

The email address you provided for Glenn doesnt work.

[@TariqJohnson]

Works for me. If you copy and pasted the (.) from the end, remove it.

[@WilliamGraham-pf8yb]

Need to make initiatives with road block free vision for my business development

[@TariqJohnson]

Not fully sure what that all meant to be honest.

[@sheezspoiled78]

What qualifications do you have to have in order to get approved for the loan

[@TariqJohnson]

I think typically at least 675 credit score, and 20% down.

[@dannyrosario5120]

Hi can you help me with my sba 7A Process

[@davegaltman3067]

Tariq, I am looking at purchasing a franchise. The franchise I am looking to buy said that I need approx. 150K to start this would cover about 3 months of being in business. I know that it will take much longer than 3 months. How much can you apply for? Can you purchase the real estate with the SBA? Who can I talk to about this?

[@TariqJohnson]

You should reach out to Glenn.

[@ezekielwilliams2763]

This was great!

[@TariqJohnson]

Boom! Glad you enjoyed it.

[@Rags2Riches762]

Okay Tariq, I get it bud.....I'll go check out your friggin business acquisition channel, but can ya let the guy talk about the ins and outs of SB-FRIGGIN-A LOANS!!! Jeez, feels like I'm just watchin a timeshare present of how to buy a damn franchise! Respectfully of course.....

[@TariqJohnson]

Oh man. I appreciate you throwing in the respectfully part. We've had a lot of really great feedback on this podcast interview. The audience I serve is franchise buyers and franchisees, so that's what the conversation was primarily tailored around. I thought we diversified it well into business acquisitions too, which is not an area we serve in my business. We only help with franchise resale acquisitions. Either way, all the best to you.

[@Rags2Riches762]

@TariqJohnson Okay, you got me. I was being a bit of a jerk. I appreciate your professionalism. Honestly I'm just a little frustrated because I'm trying to break into the entrepreneural life (if that's a word) and with all my research I can't seem to see a clear path forward. (Don't mean to turn you into dr phil) But everytime I find someone successful make a video on one model, there's another saying the model is no longer viable. I swear it's like looking for a needle in a haystack. I like the idea of buying a franchise, but im a career inventory control/retail asset protection guy and it just seems like the "brick and mortar" path would be more headaches...like tracking inventory using software, training associates, having a reliable supplier and a good buy-back program, also having to deal with all the fraud that will happen. Sorry to talk your ear/eyes off...I just want to escape the matrix and be successful for my family.

[@TariqJohnson]

I totally get it man. I shared your frustration. After trying and failing at 9 different businesses. I grew frustrated and skeptical at all the people touting their get rich quick schemes. For me personally, franchising was the stepping stone I needed at the time, because I need something more legit and proven, and it got me out of my own way of overthinking and getting stuck. My dream business was to always be a youtuber and have an online business helping people. Franchising helped me to get where I wanted to be, so I'm a little biased. I'd recommend you watch this masterclass training I did (free) I dive into my story, and how I made the transition and some of the ways to buy a franchise that most people don't talk about. www.franchiseempire.com/masterclass

[@TheWilliamsFamilyadventures1]

Glen email is no longer working is it another way to contact him?

[@TariqJohnson]

I email with him weekly. It works just fine. [e-mail]

[@Hknows]

Hi Tariq, I have a question if i may ask you. Could i get an SBA loan to buy an existing laundromat or car wash if I've never owned one now or before?

[@TariqJohnson]

Yep

[@Hknows]

@TariqJohnson Thank you Sir.

[@annejames5620]

I got an sba loan that got returned because my bank account was closed...I have yet to get that money... how would I go about getting it back? Any suggestions?

[@TariqJohnson]

Are you sure it was an SBA loan? Sounds like PPP or ERC.

[@Dipper964]

For properties, should you get an SBA loan or utilize a lower percentage for your second home? (Airbnb question). Also, considering the guy you’re questioning, it seems he only offers funding for commercial real estate instead of those looking to risk it in airbnbs.

[@TariqJohnson]

I don’t think you can buy airbnbs with an SBA loan.

[@jamespittman3129]

It May be great content, however I cannot get a SBA loan because I have no personal credit at all! The 3 major credit bureaus refuse to report any payments I make unless I pay them for their programs to report my payments! Does this sound like fraud to anyone else?

[@TariqJohnson]

That’s weird, I’ve never heard of that.

[@SigningWithOmar]

Do you consult on SBA loans?

[@TariqJohnson]

I’m assuming you meant Glenn?

[@SigningWithOmar]

@@TariqJohnson yes

[@antoniao7439]

How do you choose a lender from all the ones you’re sent?

[@TariqJohnson]

1. Determine what's most important to you in the lender. 2. Review all terms, the company, options, etc. 3. Decide based on what's important to you and all the terms.

[@antoniao7439]

Thanks so much for the response @@TariqJohnson

[@ne8214]

Thank u for this!

[@TariqJohnson]

Our pleasure!

[@jfsbtx]

Amazing Video...

[@TariqJohnson]

Glad you liked it!

[@andrezaal3843]

Well done guys

[@TariqJohnson]

Thanks!

[@truthalonetriumphs6572]

How many "kinda" was that?

[@TariqJohnson]

eh?

[@truthalonetriumphs6572]

@@TariqJohnson Bro needs to improve his speaking skills. Saying "kinda" 3 times in a sentence and in every sentence indicates lack of confidence and is hugely distracting. I hope I kinda answered your "eh?"

[@truthalonetriumphs6572]

@@TariqJohnson It may seem like I'm throwing a flame, but it's for his own results.

[@mickaelisrael5214]

I want to know can I get a SBA loan I have over 700 credit score my business been in existence since 2021. I don’t have the capital how can I get the loan?

[@TariqJohnson]

Reach out to an SBA lender and apply. If that doesn't work, you can apply for conventional business loans or lines of credit.

[@isactucker3788]

what about veterans Express SBA loans.

[@TariqJohnson]

What about them? Meaning why didn't we cover it, or you have questions about it?

[@williamjverhagen]

I am looking at buying a business. They will hold a note for 300k 5 years @7% They want 300k cash. Is an SBA under the cash category ?

[@TariqJohnson]

No, but it would get them the other $300k paid up front. SBA process will take 60-90 days to close.

[@patriciabrazier7730]

Thank you great stuff

[@TariqJohnson]

You’re welcome!

[@shutdowncheer4533]

Hello … is it true that the SBA is providing instant loan approval if you qualify on 500k or less

[@TariqJohnson]

I haven’t heard of that.

[@elenaalim3966]

Sir iwant that