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

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.