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Episode Info: In episode 246 of Financially Simple, Justin talks to Allen Brown of the South Carolina Small Business Development Center about the special conditions of SBA Loans made available during the COVID-19 pandemic. Difficult times require exceptional measures, and the Small Business Association is taking those measures to help Small Business Owners during this time. Justin and Allen go over the guidelines, qualifications and terms of the SBA disaster loans that are being made available to Small Business Owners. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:51 - Ask Justin featuring Allen Brown: SBA Disaster Loans for Small Business Owners 03:51 - What is the SBA 04:24 - What Small Business Owners can Expect 05:25 - Qualifications for Lending 07:01 - Is the SBA Underwriting the Loans 08:59 - Who is Eligible 09:22 - Solopreneurs 11:16 - When is This Available 11:57 - How to Calculate Your Losses 14:41 - Where to Apply 15:33 - How Long Does it Take 17:56 - Further Qualifications 20:11 - What is Included in Fixed Expenses 21:00 - Three Phases of the Program 24:53 - $300 Billion in Lending 25:45 - SBA Bank Approval 29:04 - One Piece of Advice 31:20 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9. Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit SBDC.org SBA Disaster Loan South Carolina SBDC Allen Brown, SC SBDC _________________   BIO: Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States....
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