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Combining 504 and 7(a) into 1 program feat. Ken Rosenthal, Brooke Mirenda, & Mitch Fogel | Ep. 161
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This week on The Art of SBA Lending, we’re bringing a big, new idea to the table: what if we could combine the SBA 7a and 504 programs into a single powerhouse loan program?
In this episode, Ray Drew and our panel of Art of SBA Contributors explore the possibility of merging these two essential programs to create what Ray calls the “SBA Centaur Loan.”
By taking the flexibility of the 7a program and pairing it with the affordability and stability of the 504, could we make SBA lending more accessible and efficient for small businesses?
Our expert panel dives into some critical questions, including:
The historical roots of 7a and 504: Why were two separate programs created, and do we still need both?
Potential benefits for lenders and borrowers: How could a unified program enhance small business lending and streamline the process?
Challenges and risks of a merged program: From secondary markets to regulatory impacts, what would a single program mean for the SBA community?
Art of SBA Contributors this week:
✨ Brooke Mirenda, President & CEO, SEDCO ✨ Ken Rosenthal, Senior Advisor, Momentus Direct Capital ✨ Mitch Fogel, Managing Partner, Fogel Law Group
Join us for an innovative discussion that examines the future of SBA lending, the pros and cons of combining these two programs, and how we might reimagine access to capital for America’s small businesses. Don’t miss this thought-provoking episode and let us know your thoughts!
This episode is sponsored by:
The Content Store
The Content Store is a video content agency specialized in podcast, YouTube, and short form video editing.
Elevate your brand with premium video content today. Go to The Content Store to get in touch.
Rapid Business Plans
Rapid Business Plans is the go-to provider of business plans and feasibility studies for government guaranteed small business lenders.
For more information, or to set up a Get Acquainted call go to Art of SBA — Rapid Business Plans
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