What’s an “SBA Wingman”? And how do you know if you need one?
Most people understand the current vernacular for a “Wingman” related to social situations and a buddy “taking one for the team.”
Well, we are not talking about that kind of wingman here.
What we are talking about is more the Top Gun kind of wingman as defined by Wikipedia:
A wingman is a pilot who supports another in a potentially dangerous flying environment…
According to the U.S. Air Force,
There is always a lead aircraft and another which flies off the wing of and behind the lead. This second pilot is called the “Wingman” because he primarily protects the lead by “watching his back.”
The idea behind the wingman is to add the element of mutual support to aerial combat. A wingman makes the flight both offensively and defensively more capable by increasing fire power, situational awareness, etc.
You can guess where I am going with this…
Use A Wingman To Avoid Getting Shot Down
Cheezy analogy? Maybe, but this is my blog and I can do what I want to 🙂
Anyway, an SBA Wingman’s job is help you navigate the process (avoid the “Flack”) and help you get past the obstacles in your way.
SBA Lending can be confusing, so whether you are having trouble figuring out if you need a 7a or 504 loan or more importantly finding the right lender, you should consider enlisting the services of a Wingman.
Do I Have All The Answers?
No. I am not Yoda. If I was this post would be called “SBA Yoda” 😉
What I can tell you is that if I can’t answer a question, I likely have someone at my fingertips who can.
Can I promise You That You Won’t Get Shot Down?
But we likely have resources you are unaware of like a new “A-” 504 Program for companies who have turned the corner back to profitability, but are not yet “bank eligible.”
Perhaps the best value we can provide is saving you time and hassle.
If you just don’t know where to start and you are not into wasting a lot of time speaking with various lenders to see if you fit into their credit box then that’s where I know we can help.
And, It Might Not Cost You A Thing…
We rarely charge fees because the lenders pay us. (We’ve yet to charge a fee on a 7a loan and only rarely do we have to on a 504).
Even if we do charge a fee to be compensated for finding you the right loan, what’s more important? Paying a nominal fee to find the right loan (or any loan) or spending weeks or months talking to the wrong lenders and getting shot down?
Part 2 in the Series: Snoopy’s Big Mistake…
p.s. if you need a Wingman of the “Hitch” variety for social situations, you might try this guy: The Professional Wingman.