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03-23-2020, 03:03 PM #1Member
Reputation points: 1960
- Join Date
- Oct 2019
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- 48
SBA Disaster Loan, Agent Opportunity? How?
Can we participate in the new SBA Loan disaster assistance for merchants. If so how? I'm willing to learn and have a accounting firm (family) member that is ready to help me. will this be through a direct lender? i'm ready.
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03-24-2020, 02:55 PM #2Member
Reputation points: 11
- Join Date
- May 2016
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- 13
SBA disaster relief loans are facilitated direct through the SBA, there is not a broker/agent play for these loans. In past disasters (think hurricanes, tornadoes) this program on average took 5 months from application to funding.
There is a bill in Congress today that may change the landscape of SBA lending during this downturn....we shall see
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