Fundera vs Smart Biz
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  1. #1
    Senior Member Reputation points: 5448
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    Fundera vs Smart Biz

    Who do you guys prefer when using a super broker for sba/term loans?
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  2. #2
    Senior Member Reputation points: 39236
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    I've had a good experience working with Rich and his team at BCCUSA. Ive worked with Smartbiz and their process is a little jagged, without anyone really taking point.

  3. #3
    Banned Reputation points: 7556 cmarks's Avatar
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    Quote Originally Posted by Wheetie View Post
    Who do you guys prefer when using a super broker for sba/term loans?
    Fundera is a marketplace and Smart Biz refers to themselves as the #1 marketplace for SBA loans

  4. #4
    Senior Member Reputation points: 68233
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    Props to both mentioned and thank you Steve_O.

    Where we find we add value is when a file doesn't fit into a precise 'box'. Has it been turned down by SB? Is the collateral percentage external of what say Newtek likes? Is there an AR/Inventory CapLine dynamic? Does the owner have several K-1's and algorithm UW kicks it out?

    Obviously Banks want COMPLETE documentation- and appraisals and title work takes time- but we close on average 2-3M in these types of files monthly.

    Happy to review/assist if needed. -RG

    BCCUSA
    3237 Route 112 Suite 9
    Medford, NY 11763

    631-458-0100

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