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05-10-2023, 06:14 PM #1
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
Steve is right and high utilization means sub 700 credit definitely....
Was 2022 even filed and if it was profit or loss?
Most banks will be capped at 10-20% Max of gross revenue if profitable. 7A requires 640+ credit.
To get an SBA 7a you must be profitable on YTD financials if not on taxes.
Is their A/R or R/E Assets?
3 ways to lend are Cash-flow, Credit or Assets....Last edited by GoldStandard; 05-10-2023 at 06:18 PM.
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