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10-21-2021, 10:33 AM #1
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
522 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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