Welcome to the CVBBA podcast “Thrive in 25.”

In this episode, host Colette Kemp is joined by Michael Goddard, Senior SBA Business Development Officer at Fidelity Bank. Together, they explore the realities of SBA financing from a lender’s perspective — what brokers often overlook, and how to navigate deals more effectively.

They discuss the effects of the government shutdown on SBA loan processing, common misconceptions business brokers hold about SBA financing, and key factors that drive successful transactions. Michael also shares expert advice on buyer screening, maintaining clear communication throughout the process, and employing innovative lending strategies to close both small and large deals with confidence.

Tune in to gain actionable insights that will help you strengthen your SBA knowledge and improve your deal-making outcomes.

Episode Chapters

00:00 — Introduction to Thrive in 25

00:34 — Government Shutdown and SBA Lending

02:20 — Common Misconceptions in SBA Lending

05:29 — Key Insights for Business Brokers

07:56 — Top Mistakes by New Business Brokers

11:54 — Innovative Lending Strategies

13:34 — Conclusion and Contact Information

Connect with Our Guest

Michael Goddard

Senior SBA Business Development Officer – Fidelity Bank

[email protected]

336-514-5810

For questions about SBA financing or to connect directly with Michael, reach out via email or phone.

If you're interested in being a guest or learning more about our CVBBA Insights, please reach out to: Heather Valeri, CBI, CEPA Chairperson, Podcast Committee Board of Directors, CVBBA Office: 843-800.2148 Email: [email protected] If you are interested in learning more about the CVBBA, please checkout our website https://www.cvbba.com/ Don't forget to subscribe to us so you don't miss an episode and leave a five-star review on your favorite podcast app!