you have to

@sterling.sba

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Lendstralendstra.com

Lendstra helps entrepreneurs buy, build or grow their dream business with SBA loans. Expert guidance through the entire loan process.

3 videos

Why it worked

The video provides crucial, potentially fear-inducing information about the personal risks associated with SBA loans, making it highly relevant to entrepreneurs seeking funding and likely to be shared.

Summary

This video explains that all SBA loans require a personal guarantee from owners with 20% or more stake in the business. If the business defaults, the bank can pursue the owner personally, potentially leading to bankruptcy, or liquidate business assets to cover the debt.

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Transcript, structure and on-screen text

5 beats, a 98-word transcript and 42 lines of on-screen text — the parts you need to write your own version.

Original caption

Every SBA loan requires a personal guarantee from anyone who owns 20% or more of the business. If the business fails and cannot repay the debt, the bank can pursue you personally for repayment. Many people in that situation end up filing for personal bankruptcy. Make sure you understand exactly what you are signing before you sign it. #Business #Entrepreneur #SBALoan #Finance #Funding