[Bcooper]

So you are attempting to convince us that a Bank approved a $5 Million loan, for a business owner that accepted 6 MCA - has zero collateral and a FICO of 640.

One of the criteria for loan approval is the business owners operational acumen - This merchant would not meet that threshold.

BTW - I have read and continue to study SOP 5010 - Version 7

Do you want a copy of the term sheet? every bank has discretion when it comes to acumen and worthiness criteria, my banks choose to actually help people. It's not my fault that you've been working with banks that have strict shadow rules mate. feel free to send me a decline that was due to poor credit that wasn't due to delinquencies just over all score, you'll have eoi in two days and term sheet within a week.

[Yankeeman07]

Do you want a copy of the term sheet? every bank has discretion when it comes to acumen and worthiness criteria, my banks choose to actually help people. It's not my fault that you've been working with banks that have strict shadow rules mate. feel free to send me a decline that was due to poor credit that wasn't due to delinquencies just over all score, you'll have eoi in two days and term sheet within a week.

Sure, send me the copy of the Term Sheet

One of the criteria is the business is profitable. Tell us how a business that is operating with 6 MCA's is "profitable"

Am I eligible?
To be eligible for 7(a) loan assistance, businesses must:


Be an operating business.
Operate for profit.