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  1. #1

    Business acquisiton loan

    I have a client looking for a loan for a couple million.
    Its a proftable business with a real estate lease.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,084

    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.

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,084

    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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