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  1. #1
    Senior Member Reputation points: 15281
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    Jul 2021
    Posts
    109

    Purchasing a business, wants SBA loan

    Who do you goto for 300k purchase of a business(its related to his business type)?

  2. #2
    Senior Member Reputation points: 22187 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    545

    SBA business acquisition. 10% down and 10% working capital.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  3. #3
    You go to a direct SBA lender. This is a somewhat smaller deal but I may be able to help.

    -Dan
    Dan Wallace
    SVP
    Harvest Small Business Finance
    National, direct non-bank lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@harvestcref.com

  4. #4
    Senior Member Reputation points: 22187 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    545

    New Program - If they quality can do a 5 year monthly payment term loan at around 18%+, no collateral, don't have to pay off MCA loans and can fund in a week. I just need loan app, driver's license front and back and 4 months bank statements. Need 680 or better Fico and can prequal in an hour or two. Also need:

    1. State of Incorporation
    2. Industry
    3. Business Inception Date:
    4. Current # of Employees
    5. Last 12 months Annual Sales? (Minimum $200K)
    6. Is this a Home-Based business? (needs to be brick and mortar)
    7. Business Phone
    2. Does the applicant rent or own their home?
    Last edited by Olderguy; 06-13-2022 at 04:11 PM.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

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