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09-03-2019, 06:41 PM #1Member
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I haven't done much with SBA loans - don't they require the merchant not borrow any additional funds for the life of the loan?
Originally Posted by Yankeeman07
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09-03-2019, 06:50 PM #2Senior Member
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They aren’t going to allow subordination. In theory, if their financials are together you could work on a 7(a) Express LOC. Best bet is a 0% APR unsecured credit card. But I’m assuming they already have those? Originally Posted by davec1990
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09-03-2019, 09:16 PM #3Senior Member
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Originally Posted by davec1990
SBA do not have a pre-payment penalty - The amount a merchant could borrow is dependent on their
ability to service the loan.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
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