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  1. #14
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Quote Originally Posted by fundingsolution View Post
    Would you mind sharing your contact?
    I have more than one but you need to have experience packaging and submitting SBA loans and most people don't. That's why I'm a bit hesitant to offer this right now. They need to collateralize the loan and that is always an issue with truckers. Have to look at their balance sheet and asset list. And trucks that are free and clear might need to have their title turned into the lender. If the trucks get sold within the 10 years of the loan, all that money goes to the lender. It's more than just collecting documents and turning in to the lender. And if you repackage the loan and resubmit it to the credit commited with a request to delete some of the vehicles from the collateral list, you have to justify it...and it happens...you sometimes have to show the lender the way.

    It's more than just sharing a contact if you understand what I mean.
    Last edited by Olderguy; 10-22-2023 at 06:34 PM.
    Steve Benjamin
    Professional Business Loans

    522 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
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    @ SBA loans - 7A and 504.
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