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  1. #1

    I'm Looking for a Lender that will Finance a Business Purchase

    I'm looking for a lender that will finance a business purchase.
    Not SBA.
    Anyone know of someone?
    Thanks.
    J.R.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Why not SBA?

    Lendio - lender/broker platform
    Fundera
    Funding Circle
    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.

  3. #3
    Senior Member Reputation points: 216519
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    The way to go here is with personal loans if the credit is excellent and the client has income verification. I'll put you in touch with good people, or we'll work it together, please reach out.

  4. #4
    The sponsor does not yet have a state license.
    (State license cannot be transferred from current owner to new owner)
    The business is for sale now (assisted living facility).
    It will be 30 days before the sponsor will get his license.
    FYI, I'm the mortgage broker on this deal

  5. #5
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by CapCity View Post
    The sponsor does not yet have a state license.
    (State license cannot be transferred from current owner to new owner)
    The business is for sale now (assisted living facility).
    It will be 30 days before the sponsor will get his license.
    FYI, I'm the mortgage broker on this deal
    So they will stip for it in the prequal/LOI.
    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.

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    I spoke with J.R. Told him to ask his client if he went to a SBA bank or SBA non-bank lender. He said the bank lender said can't do it with stips for license. The non bank lender CAN do it with stips for license as I indicated. Told him if the client fails with his non bank lender to give me a shout.
    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.

  7. #7
    Sir, are you still in need of funding.

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