Industry Matters - Powered by VGM
A podcast that delivers business solutions, best practices, government updates, reimbursement advice and more to home medical equipment, complex rehab, home accessibility, mastectomy and women's health providers, as well as orthotics and prosthetics practitioners.
Industry Matters - Powered by VGM
SBA Lending Explained: How Financing Can Help Your Business
In this edition of Industry Matters, Tyler Mahncke, SVP of Clinical Mobility & Accessibility with VGM & Associates, engages in a compelling conversation with Gene Richtsmeier, Vice President at Huntington National Bank, and Michael Berling, Vice President, SBA Senior Development Officer at Huntington National Bank. The episode delves into SBA Lending Explained: How Financing Can Help Your Business, covering various types of loans such as 7(a) loans, main street deals, and lending for acquisitions. Listeners will gain insights into the practical uses of these loans, the application process, and how to prepare for meetings with SBA lenders. The discussion also highlights why SBA financing is a preferable option compared to traditional financing and its relevance to the HME industry.
- Different types of loans, including 7(a) loans, main street deals, and lending for acquisitions
- What they can be used for them
- What’s involved in application and how to prepare to meet with an SBA lender
- Why SBA financing would be a good option as opposed to traditional financing
- How this applies to the HME industry