Dog Grooming/Boarding operatoin

**LJH365** · 07-24-2019, 09:26 PM

I hate to ask the obvious- why not a term loan or even a loc?

**skideeppow** · 07-25-2019, 12:17 PM

Originally Posted by LJH365

I hate to ask the obvious- why not a term loan or even a loc?

they dont want to do the brain damage of an sba loan.

**Kevin Henry-Seacoast** · 07-25-2019, 12:31 PM

Originally Posted by skideeppow

they dont want to do the brain damage of an sba loan.

Translation: There is something in their financials they don't necessarily want a real institution that will do a proper review to see.

Brain Damage-Most community banks have an expedited process to get SBA deals done.

**skideeppow** · 07-25-2019, 05:25 PM

Originally Posted by Kevin Henry-Seacoast

Translation: There is something in their financials they don't necessarily want a real institution that will do a proper review to see.

Brain Damage-Most community banks have an expedited process to get SBA deals done.

no, she has only owned the business for 18 months.

**FifthVenture** · 07-26-2019, 01:12 PM

I've gotten rates as low as a 1.15 if credit score is over 700 but hey i'm just a broker.

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