San Diego, CA - (Press Release) SBA loan expert Craig G. Francis appears on The Big Biz Show with Bob “Sully” Sullivan to discuss the SBA, loans and the economy. Francis, who has over thirty year of experience in the loan industry, has brokered over 2500 business loans for over $1 billion in funding. He will be joining The Big Biz Show on a regular basis to share his knowledge and understanding of how the business owners and entrepreneurs can take advantage of SBA-guaranteed loans.
“It’s like two people getting married. I’m the matchmaker” 0Craig G. Francis on brokering SBA loans
There are many misconceptions about how SBA loans work, and Francis has the experience and knowledge of the process to help dispel them. Asked what the two biggest myths about SBA loans are, Francis explained that people believe that the federal government makes loans and that the paperwork is burdensome. Both of which could not be farther from the truth.
As Francis explains on The Big Biz Show, the SBA “has never really changed in any major fashion in the last 50 years. What they want to do is get the banks to provide loans to small businesses - that’s their charter.” The SBA does this by providing a guarantee of a portion of loans made by member banks through the process, rather than actually lending money.
As to the myth of heavy paperwork, Francis discounts this completely: “Your SBA loan package can be done with less paperwork to get an answer than a residential loan. And I’ve seen some residential loans.”
The importance of the SBA is this relationship it helps to develop between businesses and banks. “It is a synergistic thing.” Francis explains. “It brings banks, it brings the business owners and it brings the SBA backing the whole thing; and it’s worked well for 50+ years.”
The difficulties arise in knowing how to match the right small business or start-up with the right bank in a way that meets the heavy criteria placed on lenders by federal regulators. As Francis points out, many of the biggest companies today, including FedEx and Nike, started out with SBA funding. “It’s emblematic of what SBA can do at the right time and right place,” he says.
After more than 30 years in lending, Francis knows how to make that relationship work. “It’s a secret,” he says, “but it’s not a big secret. I just happened to have figured out a few ways to massage things to get them to happen.”
“It’s like two people getting married,” Francis says of the process. “I’m the matchmaker.”
In order to help business owners and the general public to better understand the role of the SBA, Francis will be appearing on The Big Biz Show on a regular basis to explain such elements as who would need an SBA loan, the process of applying and how to decide if an SBA loan is the right fit. Viewers and listeners will be able to send in questions about SBA loans, the loan process and what it takes to start a business.
Craig G. Francis is the owner of Francis Financial and The SBA Loan Store. He has been a top producer of SBA Loans since 1981, and has worked with Dun & Bradstreet and Bank of Commerce. Craig Francis has the expertise to steer clients through the often confusing rules and regulations associated with SBA Loans, having helped over 2,500 businesses acquire over a billion dollars in loans. He can be contacted through CraigGFrancis.com, SBALoanStore.com, on LinkedIn, or at 888-666-9722.