EIDL Disaster Relief Loan update from SBA
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  1. #1
    Senior Member Reputation points: 338265
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    Wait.....neither of you have relationships with local and regional SBA representatives? Hell, I don't work on SBA transactions myself, but know the local and regional "go to" people that gets things done.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by Hedley Lamarr View Post
    Wait.....neither of you have relationships with local and regional SBA representatives? Hell, I don't work on SBA transactions myself, but know the local and regional "go to" people that gets things done.
    I do - I was on a webinar yesterday with my local SBA guys. You can message them questions live during the webinar which usually lasts about an hour.
    Last edited by Olderguy; 02-23-2022 at 11:12 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.

  3. #3
    Senior Member Reputation points: 84403
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    Quote Originally Posted by Hedley Lamarr View Post
    Wait.....neither of you have relationships with local and regional SBA representatives? Hell, I don't work on SBA transactions myself, but know the local and regional "go to" people that gets things done.
    You are correct - the local SBA people will just tell you to login to your portal to review your status. My suggestion was for biz owners that have been "Approved" or the Application has been "Pending " for a length of time. The SBA utilizes many part-time remote workers and the left hand is not always telling the right hand what is occurring.

    When the application is in no mans land sometimes it helps if someone kicks the wheel. Hence, my suggestion has worked numerous times over the past 6 months. No guarantees but it is worth a shot when a biz owner is waiting and waiting.

    The latest success story was for a business owner is Oklahoma - she finally received her $44,000 after many months of waiting.
    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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