25 Mar Let’s Chat with Jim Parker: Raising SBA 7a Loan Limits to $10 Million?
In this special episode of “Let’s Chat with Jim Parker Business Broker,” host Jim Parker focuses on a crucial initiative spearheaded by Steve Mariani from Diamond Financial: to increase the current SBA 7A lending limits from $5 million to $10 million. This adjustment is deemed vital for the business brokerage industry, buyers, sellers, lenders, and the broader U.S. economy. Mariani, recognized as a key figure in SBA lending within the industry, shares insights on the necessity of this change, reflecting on the challenges faced by brokers in securing listings and the overall state of SBA lending. Jim and Steve emphasize the collective effort required from the business brokerage community, including a need for signing and disseminating a petition to draw attention and support from relevant state associations, the SBA, and Congress. Through engaging discussions, the show highlights the significance of supporting small businesses and the systemic changes needed to enhance the industry infrastructure for future growth.
