<description>&lt;p&gt;This week on SBA Today, Paul is back for this jam-packed episode! He and Tonya breakdown:&lt;/p&gt; &lt;ul&gt; &lt;li&gt;🛑 &lt;strong&gt;The No-Skin Searcher Trap:&lt;/strong&gt; Why credit teams are souring on search fund deals where the "CEO" brings zero direct industry experience and 100% investor-backed down payments. &lt;/li&gt; &lt;li&gt;📊 &lt;strong&gt;Demystifying Parris Scores:&lt;/strong&gt; Why understanding your portfolio's Cumulative Net Yield is like analyzing an insurance drain. &lt;/li&gt; &lt;li&gt;🤖 &lt;strong&gt;AI in Underwriting:&lt;/strong&gt; How smart shops are using custom agents to stress-test the SOP and audit PSAs or leases for compliance red flags. &lt;/li&gt; &lt;li&gt;🏆 &lt;strong&gt;The Patriot Pitch Competition:&lt;/strong&gt; What a newly launched $1 million prize pool means for growth-stage businesses that have already utilized SBA financing.&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;&lt;strong&gt;The Bottom Line:&lt;/strong&gt; SBA credit departments are tightening the screws on low-equity business acquisitions, but the agency is simultaneously rolling out major capital and exposure incentives for growth-stage operators who execute cleanly. &lt;/p&gt; &lt;p&gt;🛠 This episode is sponsored by &lt;a href= "https://sbacollective.com/"&gt;&lt;strong&gt;SBA Collective&lt;/strong&gt;&lt;/a&gt;—empowering community banks and credit unions to compete and win in SBA lending. &lt;/p&gt; &lt;hr /&gt; &lt;p&gt;&lt;em&gt;Disclaimer: The views expressed on this show are our own and not necessarily those of our employer.&lt;/em&gt;&lt;/p&gt;</description>

SBA Today

Art of SBA

The "No-Skin" Searcher Trap & a $1M Prize Pool? | May 26, 2026 | SBA Today

MAY 28, 202621 MIN
SBA Today

The "No-Skin" Searcher Trap & a $1M Prize Pool? | May 26, 2026 | SBA Today

MAY 28, 202621 MIN

Description

This week on SBA Today, Paul is back for this jam-packed episode! He and Tonya breakdown: 🛑 The No-Skin Searcher Trap: Why credit teams are souring on search fund deals where the "CEO" brings zero direct industry experience and 100% investor-backed down payments. 📊 Demystifying Parris Scores: Why understanding your portfolio's Cumulative Net Yield is like analyzing an insurance drain. 🤖 AI in Underwriting: How smart shops are using custom agents to stress-test the SOP and audit PSAs or leases for compliance red flags. 🏆 The Patriot Pitch Competition: What a newly launched $1 million prize pool means for growth-stage businesses that have already utilized SBA financing. The Bottom Line: SBA credit departments are tightening the screws on low-equity business acquisitions, but the agency is simultaneously rolling out major capital and exposure incentives for growth-stage operators who execute cleanly. 🛠 This episode is sponsored by SBA Collective—empowering community banks and credit unions to compete and win in SBA lending. Disclaimer: The views expressed on this show are our own and not necessarily those of our employer.