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  1. #1

    Merchant looking for a $1.4 million SBA loan, either 504 or 7a

    Who can help with this?

  2. #2
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    Quote Originally Posted by usafundingmca39218 View Post
    Who can help with this?
    Do you suppose you could provide more info? You're not providing enough to point you in the right direction.

  3. #3
    Merchant needs the funds to purchase a building, expand the building, and buy equipment. Credit is very good. Needs an approval within 8 days. Business is a car repair and detailing shop.

  4. #4
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    I mean, a term sheet is possible in that time. But there sure are a lot of hurdles and whoever will help you place this will need some more info: Are they cash-flowing? What were their net profits in 2016 and 2017 YTD? Projected profits? Any debt? Will their potential debt service coverage ratio be around 1.1 or 1.3 under stressed conditions? What does their balance sheet look like? Does the owner have a strong personal financial statement?

  5. #5
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    You can try Daniel Choudhury at Celtic Bank. Good guy, DChoudhury@celticbank.com 214-499-0010

  6. #6
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    Quote Originally Posted by usafundingmca39218 View Post
    Merchant needs the funds to purchase a building, expand the building, and buy equipment. Credit is very good. Needs an approval within 8 days. Business is a car repair and detailing shop.
    SBA will not approve within 8 days - why did the business owner wait so long?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
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    Quote Originally Posted by usafundingmca39218 View Post
    Who can help with this?
    I can help you. 24 hour approval with 4 months bank statements and loan application. Fast funding. Call or text Renee 702-743-7438 or email dynamicinnovations1@gmail.com and I will send you the application.

  8. #8
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    Quote Originally Posted by EZFUNDER View Post
    I can help you. 24 hour approval with 4 months bank statements and loan application. Fast funding. Call or text Renee 702-743-7438 or email dynamicinnovations1@gmail.com and I will send you the application.
    Did you get that, everyone?

    They can get a SBA 7(a) and/or 504 enhanced loans for purchase and construction of owner-user CRE done in 24 hours with just 4 months bank statements.

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  10. #10
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    If anyone offers a SBA Loan offer in 24 hours, be wary.

    AmeriFactors Financial Group is a direct lender and has funded over $5BILLION since 1990.
    We offer:
    • NON-Recourse A/R Factoring
    • PO Funding
    • Asset Based Lending (ABL)
    • SBA Loans

    Good luck!

    Rob Brownell
    Amerifactors Financial Group
    p: 772-419-8606
    e: rbrownell@amerifactors.com
    w: www.amerifactors.com

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