Big tech is transforming every aspect of our world. But how, and at what cost? This season of Land of the Giants – The Disney Dilemma – focuses on Disney’s ability to weather the ups and downs of the business cycle and changing tastes and explores what has kept it successful for over 100 years. The entertainment giant has leveraged nostalgia and its intellectual property to build a beloved brand, but after an acquisition spree that included Marvel, Lucasfilm, and 20th Century Fox, can it sus ...
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Demystifying The SBA Loan Application - The Commercial Appraisal Report
Manage episode 269912974 series 2518941
Content provided by Ryan Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Business owners purchasing or refinancing commercial real estate financed by an SBA 504 or 7a loan are required to hire a certified commercial appraiser to prepare a commercial real estate appraisal report which includes the “as is” value of the subject property on the day the report is delivered to the lender.
Every loan applicant needs to know the following regarding the commercial appraisal report.
- The cost is generally between $2,500 - $4,500
- The lender’s appraisal department orders appraisal bids from their approved vendor list
- This means that neither the loan applicant, lender representative, nor the loan broker order the appraisal bids
- This means that neither the loan applicant, lender representative, nor the loan broker order the appraisal bids
- The returned appraisal bids will reveal the delivery date and cost of the appraisal
- The lender’s appraisal department chooses the appraiser based on the business owners goals, ie. delivery time and cost
- The lender’s appraisal department will not disclose the appraiser’s name to the loan applicant prior to selecting the appraiser
If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://twitter.com/mysbapro LinkedIn: https://linkedin.com/in/ryanpatryck
More ThinkSBA Resources
https://calendly.com/thinksba - Schedule Call https://g.page/thinksba - Google Business Page & Reviews https://thinksba.com/faq - Frequently Asked Questions https://mysbaloanpro.com - My SBA Loan Pro Podcast https://youtube.com/@thinksba - YouTube Channel
66 episodes
Share
Manage episode 269912974 series 2518941
Content provided by Ryan Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ryan Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Business owners purchasing or refinancing commercial real estate financed by an SBA 504 or 7a loan are required to hire a certified commercial appraiser to prepare a commercial real estate appraisal report which includes the “as is” value of the subject property on the day the report is delivered to the lender.
Every loan applicant needs to know the following regarding the commercial appraisal report.
- The cost is generally between $2,500 - $4,500
- The lender’s appraisal department orders appraisal bids from their approved vendor list
- This means that neither the loan applicant, lender representative, nor the loan broker order the appraisal bids
- This means that neither the loan applicant, lender representative, nor the loan broker order the appraisal bids
- The returned appraisal bids will reveal the delivery date and cost of the appraisal
- The lender’s appraisal department chooses the appraiser based on the business owners goals, ie. delivery time and cost
- The lender’s appraisal department will not disclose the appraiser’s name to the loan applicant prior to selecting the appraiser
If you liked this content, let's connect on social media: Instagram: https://instagram.com/mysbapro Twitter: https://twitter.com/mysbapro LinkedIn: https://linkedin.com/in/ryanpatryck
More ThinkSBA Resources
https://calendly.com/thinksba - Schedule Call https://g.page/thinksba - Google Business Page & Reviews https://thinksba.com/faq - Frequently Asked Questions https://mysbaloanpro.com - My SBA Loan Pro Podcast https://youtube.com/@thinksba - YouTube Channel
66 episodes
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Similar to My SBA Loan Pro Podcast
Big tech is transforming every aspect of our world. But how, and at what cost? This season of Land of the Giants – The Disney Dilemma – focuses on Disney’s ability to weather the ups and downs of the business cycle and changing tastes and explores what has kept it successful for over 100 years. The entertainment giant has leveraged nostalgia and its intellectual property to build a beloved brand, but after an acquisition spree that included Marvel, Lucasfilm, and 20th Century Fox, can it sus ...
…
continue reading
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…
continue reading
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continue reading
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…
continue reading
It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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continue reading
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…
continue reading
Wharton faculty and industry leaders discuss their latest research, books, and relevant business topics. Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
Some Goodness is hosted by Richard Ellis, a seasoned sales leader passionate about inviting top business minds to share their wisdom. Each episode is only 15-20 minutes, perfect for your commute or workout.
…
continue reading
The Partnership Economy explores the power of partnerships through candid conversations and stories with industry leaders. Our hosts, David A. Yovanno, CEO and Todd Crawford, Co-founder, of impact.com, unpack the future of partnerships as a lever for scale and an opportunity to put the consumer first.
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