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  1. #1
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
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    SBA guaranteed loans

    There are banks and non-bank lenders that do SBA backed loans.

    Banks typically require commercial property that is owner occupied for collateral

    Non bank lenders can collateralize any assets..

    business assets
    A/R
    Inventory
    Any real estate - primary residence (I've done 3rd position UCC), investment property, etc.
    One company got $2M collateralizing all their equipment located in Brazil along with all business assets.

    Non bank lenders are more flexible on their guidelines.
    Bank requires restaurant purchase to have 3 years management experience in the industry
    Non bank lenders only requires 1 year experience.

    I have a direct relationship with Managing Director of the largest non bank lender in the US.

    I can package and fund these and split the commission.

    If you have questions on this and other programs.....contact me.
    I do conference calls with the broker and client so both can learn their situation and weigh their options.

    10 year term approx 6% interest, business purchase 10% down and 10% W/C.
    Last edited by Olderguy; 10-21-2021 at 10:39 AM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

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