5 Year Term Loan?
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  1. 04-22-2021, 07:03 PM #1
    Yankeeman07
    Yankeeman07 is offline
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    Quote Originally Posted by SuperCloser View Post
    I have a doctor with a 700 credit score, does about 100K a month, wants a 5-year term loan. He wants a MONTHLY payment only.. Any options?

    Loan Amount Requested?

    Usage - Business
    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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  2. 04-22-2021, 07:07 PM #2
    SuperCloser
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    175K for an expension
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  3. 04-22-2021, 07:32 PM #3
    Yankeeman07
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    Quote Originally Posted by SuperCloser View Post
    175K for an expension
    2 suggestions -

    EIDL - over $25K - SBA uses a General Security Agreement - Rate 3.75%
    https://www.sba.gov/funding-programs...ction-header-0

    SBA 7(a) Loan - You will have to locate a Bank that is underwriting Micro Loans

    https://www.sba.gov/funding-programs/loans/7a-loans

    https://www.firsthomebank.com/creditbench/
    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
    Reply With Quote Reply With Quote

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