Another SBA Lender exits the market
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  1. #1

    Another SBA Lender exits the market

    Another national SBA lender has suddenly left the market leaving all of their clients in a tough spot.
    It does matter who you work with, especially on SBA loans. I believe there will be further lender consolidation and borrowers will be left scrambling. As a top ten national SBA lender, we are committed to SBA financing and don't have the issues many other SBA lenders are facing. I expect more SBA bank lenders to pull back as well as non-bank SBA lenders who don't have the balance sheet to keep funding.
    Dan Wallace
    SVP
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@enterprisebank.com

  2. #2
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    Dan, care to tell us which one?

  3. #3
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    Was out to lunch with a very reputable BK attorney last week. Most of her cases ae SBA loans.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by Hedley Lamarr View Post
    Was out to lunch with a very reputable BK attorney last week. Most of her cases ae SBA loans.
    Interesting...

    SBA EIDL?
    SBA bank lenders?
    SBA non bank lenders?

    What type of bankruptcy?
    Chapter 11?
    Chapter 7?
    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
    @ 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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