Results 1 to 9 of 9
Hybrid View
-
02-26-2018, 07:07 PM #1
- Join Date
- Jan 2014
- Posts
- 1,380
besides SBA any other form of business term loan out there need 1.5m
do any lenders offer business term loans, all the ones we would work with are pretty much out of business or not dealing with ISO's anymore. Merchant already has an SBA so that is out of the question. Perfect credit, excellent revenue, enough collateral, looking for 1.5m over 5 years.
-
02-26-2018, 07:29 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
What collateral is left over after the SBA took over a first position on everything from AR to inventory to both his personal home and office building?
An SBA isn't always the best solution. Perhaps you should re-fi into a series of separate real estate, inventory, ABLs, and AR loans that give more flexibility and can take into account future growth add-on money?
-
02-26-2018, 08:21 PM #3
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
What industry?
-
02-26-2018, 09:15 PM #4
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
So having an SBA eliminates him from getting another one? Seriously? I have done 5 SBA loans for a merchant without collateral to cover the $1.5MM in loans they have received.
-
02-27-2018, 10:21 AM #5
- Join Date
- Jan 2014
- Posts
- 1,380
I am not familiar with the SBA space as I don't do them. I was told you can not have more then 1 for same entity. If that information is wrong then that opens up more options for this deal in particular. Do you specialize in SBA's and can point me in right direction? any info/help would be appreciated thank you.
-
02-27-2018, 07:39 PM #6
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
You can have more than one. What industry?
-
02-28-2018, 06:25 PM #7
- Join Date
- May 2016
- Posts
- 29
SBA is all I do and we do a lot of loans.
Getting a second SBA loan is possible but it really depends on cash flow and the loan scenario.
I recently did this for my residential construction client. Refinancing the first SBA loan is hard, getting an SBA loan on top of the first is easier.
Please email me at sean@gosbaloans.com and we will split commission with you!
-
02-28-2018, 06:35 PM #8
- Join Date
- Jan 2014
- Posts
- 1,380
-
03-01-2018, 05:22 AM #9
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
I would need to know more, not looking to co-broker. SBA is 80% of what we do. Feel free to reach out to discuss and I can determine who may be a good fit. Just wrapped up a $1.5MM deal, restructured debt with $600k in WC for a company who already has 4 SBA Loans outstanding. sigmund@laynecapital.us
Similar Threads
-
Business Lending Resource - $100,000 - $1M+ Term Loan / LOC's
By snajieb in forum PromotionsReplies: 0Last Post: 10-02-2017, 11:02 AM -
Do anybody do term Loan or MCA for a Seasonal Business?
By Creative Lender in forum Deal BinReplies: 7Last Post: 06-30-2017, 12:39 PM -
marijuana business term loan
By admarch in forum Deal BinReplies: 2Last Post: 04-19-2017, 03:58 PM -
Seeking $500,000 Business Loan with 5 year term and monthly payment
By eljets11 in forum Deal BinReplies: 5Last Post: 09-24-2015, 10:34 AM -
How many cash advance and short term business loan lenders are there ?
By amikassar in forum Merchant Cash AdvanceReplies: 4Last Post: 07-03-2014, 02:28 AM