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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Aug 2015
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    CALIFORNIA
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    SBA loans

    Any Broker do SBA loans. That we can refer deals to and get paid? We tried SmartBiz but they have horrible customer service and are worthless

  2. #2
    Senior Member Reputation points: 24994
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    Quote Originally Posted by brokerCompany View Post
    Any Broker do SBA loans. That we can refer deals to and get paid? We tried SmartBiz but they have horrible customer service and are worthless
    https://southendcapital.com/ <- They are in my top 5 but not top 3.
    Building relationships with banks is much harder than MCAs so I am not really open to giving you the contacts.
    I do not want to co-broker (been down that road before) but want to give you a decent lender to get your feet wet.

    My tip to you: Either commit to learning how to broker SBAs or don't bother. It is not something that you just toss over the fence & earn a commission.

  3. #3
    Senior Member Reputation points: 81655
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    Florida
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    Quote Originally Posted by brokerCompany View Post
    Any Broker do SBA loans. That we can refer deals to and get paid? We tried SmartBiz but they have horrible customer service and are worthless

    SBA 7(a) Loans or SBA Express?

    or follow mistamca advice and pick up the phone and start making contacts with SBA Banks and inquire if they work with brokers.

    Keep in mind , the SBA Banks that made PPP Loans are up to there eyeballs in finalizing paperwork to determine the "Forgiveness %"
    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

  4. #4
    Senior Member Reputation points: 39157
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    Oct 2014
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    Naples, FL
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    ...learning how to package an SBA loan is an art... and is in HIGH demand...

  5. #5
    Senior Member Reputation points: 14313
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    Apr 2020
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    120

    Fundshop

  6. #6

  7. #7
    That's pretty much all I do now. PM me.

  8. #8
    We do SBA Loans We also have a Broker Program as well. You can reach me at 310-351-8815.Thanks Simone.

  9. #9
    Hello,

    We can offer your clients business loans and business lines of credit. Give me a call and we can go into more detail.

    Brandon Dressler
    brandon@preferredfundinggroup.com
    815-878-0244

  10. #10
    Senior Member Reputation points: 68233
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    Dec 2014
    Location
    Quogue, NY
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    1,108

    We just funded a $2M SBA Loan- and Line of Credit, for a client referred by another Broker. We arranged to refinance equipment debt, provide working capital and provided a 500k Health Care revolver as the client is receivable intensive. Originating Broker received 40k. CLIENT SAVED OVER 50K PER MONTH AND CASHED OUT!

    In 2020 (with COVID) we arranged over $30M in SBA loans- the largest was for $4.7M and the other Broker received 94k.

    Not all Brokers have a familiarity regarding which banks desire to deploy Capital (for particular business types), how they view Collateral and Cash flow. IMPORTANT. Also: whoever you work should make sure the Financials are correct before submission. Problems with discrepancies and debt not listed on the balance sheet will make the painful, and potentially lengthy process- drag on. After all time is money.

    For deals like this we act as the 'Consulting Division' to Partner Brokers. They get to run point on the process and we all work together to close the deal.

    Feel free to touch base if we can provide value.

    https://beforeyouborrow.com/brokers-white-label/

    richard@bccusa.com

  11. #11
    We can help with these clients. Shoot me an email and we will schedule a call together. Thank you.

    Brandon Dressler
    brandon@preferredfundinggroup.com

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