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What Every FEC Owner Should Know About SBA Loans – Podcast Episode 104
Audio Links: Apple | Spotify | Amazon Music | iHeart Radio | Pandora
Episode Description
In this week’s edition of the Memory Makers Podcast, Danny Gruening and Russ Van Natta break down what every FEC owner should know about SBA loans. They explain how SBA loans work, the differences between the 7(a) and 504 programs, and what lenders look for in applicants. They also cover realistic timelines, common challenges FECs face along the way, and strategies to make your application stand out. This episode serves as your roadmap for navigating the SBA loan process with confidence.
Key Takeaways
- Start early and stay organized – build a centralized folder of all business docs and keep it updated throughout the process.
- Find lenders with FEC experience – choosing a lender with FEC experience increases your chances of approval, since they understand the unique capital needs, seasonal trends, and revenue models of entertainment centers
- Treat your business plan like your pitch deck – your FEC is not just numbers; it’s your story, your vision, and your chance to show how you’ll create powerful memories in your community.
