Learn about SBA guaranteed loan programs for small businesses including the 7a, 504, and USDA business and industry guaranteed loans when Craig Howells, Mission Bank SBA Division Manager joins host and SBDC Director Kelly Bearden on this week’s free webinar to discuss and provide details.
Kelly begins the webinar with a look at the latest news impacting small business economics, and key business-related updates.
This marks the 352nd episode of the “Webinar Wednesday” business series that provides news and information helpful to employers and business owners.
The CSU Bakersfield SBDC provides free one-on-one help to small business owners. New and existing businesses can go to www.csubsbdc.com for more information or to sign up to meet with a business advisor at no cost.
TIMESTAMPS
00:00 Intro
00:21 What’s up today July 30, 2025
02:35 Poll Question #1: “What are you most optimistic about for the remainder of 2025?”
04:12 Poll Question #2: “How many individuals make up the Federal Reserve board: is it three, seven or 12?” https://www.federalreservehistory.org…
06:53 Poll Question #3: “What is the term for the six Fed governors: four, nine, or 14 years?”
08:35 Capital Corridor – resources for funding your business
09:13 CSUB SBDC participated in the Federal Reserve’s annual small business credit survey. Local businesses show above-average credit card usage and higher merchant account usage compared to national averages. • Federal Reserve Survey
10:28 Know your capital costs
13:15 Buying a business with zero down
13:42 Cash Flow Forecast Worksheet
14:38 Economic Corner
16:36 Five areas business owners should review at mid year • Five Areas Businesses Should Review Mid Year
17:36 CSUB YouTube Channel / @csubsbdc
18:27 Want to start, grow, or transition your business? Sign up to meet with a SBDC business advisor at no cost https://csubsbdc.com/sign-up/
18:35 Kelly introduces Craig Howells, SBA Division Manager of Mission Bank https://www.missionbank.bank/
19:35 Craig Howells begins to speak
19:52 Craig Howells begins his presentation
20:12 History of Mission Bank
21:13 Meeting the Needs
21:39 Top Performing Bank
21:58 Objective
22:17 SBA 7A Loan Program
22:33 SBA 7A Loan Program Eligibility
23:26 SBA 7A Small Business Determination
23:55 Types of SBA 7(a) Loans
27:35 SBA 7a Term Loan – Terms and Interest Rates
28:38 Types of Businesses Eligible
29:13 Ineligible Types of Businesses
29:39 Major Areas for Credit Consideration
31:33 Financial Analysis – Standard 7(a) Loans
33:37 Required Documentation for Credit Application
34:46 Estimated Fees and Cost
36:31 Client Example #1 Gas Station Purchase SBA 7A loan $1.5 Million
37:08 Client Example #2 SBA 7A loan for business acquisition – Subway – $450,000
37:29 Client Example #3 SBA 7A loan for start-up medical practice – $250,000
38:42 SBA 504 Loan Program
39:09 SBA 504 Loans – purpose and what loans can be used for
39:32 Exclusions for 504 Loans
40:02 504 Loan Eligibility
40:23 504 Loan Structure
41:33 Rates and Fees
42:33 504 Example – Building purchase for $1,000,000
43:15 Kelly rejoins Craig for Questions and Answers with webinar attendees