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09-18-2017, 07:12 PM #1Senior Member
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Yes balance on SBA is 3.5mill was recently taken out 2 months ago. Went with small bank that did not really know what they were doing to get it done. As per merchant they are looking to build their SBA portfolio so they are not letting him take or refi his current SBA to get more money. His other balances around $1m are in MCA's
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09-18-2017, 07:26 PM #2Senior Member
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That makes sense. That $1M in MCAs would be an automatic disqualifier for a 7(a) refinance. This is a tough file.
Originally Posted by Sachip24
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