Deal qualification for finance

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there's no such thing as work-life balance learn to be super successful subscribe to my channel me head you will be the conductor of the orchestra but of the 25 or 30 different financial tools that are available today you only there's only one that we push and uh beyond sellers finance and that is commercial debt and if commercial debt isn't covered by existing debt service and tomorrow and the next day we're going to talk about how you structure the finance in these corona times uh the which is barely different than how we structure it in uh pre-corona but we start with 100 seller finance and we work our way down from that but that's the the first words out of your mouth 100 seller finance and you can close 100 seller finance deal in 48 hours not even 48 or 4 hours four hours four minutes because the bank is the thing that slows you down in the financing the bank and depending on the size of the loan the bank its credit committee its underwriting committee yadda yadda this all takes time unfortunately and sba are slower for those of you that are going to use the sba and i highly recommend the sba program in america is that you got to realize you're going to add at least three or four weeks onto the cycle credit cycle three or four weeks so when you're getting these letters of lois letters of intent signed and it only says 30 days that's a joke your loi should at least be 90 days and during that loi period you're supposed to have exclusivity but a lot of sellers even though they signed that they were trying to pedal it to somebody else that's just part of the game