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11-29-2021, 02:05 PM #1
- Join Date
- Mar 2016
- Posts
- 9
Business acquisiton loan
I have a client looking for a loan for a couple million.
Its a proftable business with a real estate lease.
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11-29-2021, 03:14 PM #2
SBA guaranteed loan up to $5M. Buyer must have one year experience in the same industry. And business/personal assets to cover 85% of the loan. amount. 660 Fico or better. Using a SBA non-bank lender allows other assets as collateral. If you really want help with this, call me. 10% down and 10% working capital general guidelines
Last edited by Olderguy; 11-30-2021 at 01:21 PM.
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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11-30-2021, 01:53 PM #3
I spoke with this broker and here's what I offered (and I offer to all of you)
A conference call with broker and client/prospect.
Determine what loan fits their needs.
Advise them what documents I need moving forward
Move forward with client as underwriter.
Split the commission with broker 50/50 when funded.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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