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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
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions

  2. #2
    Senior Member Reputation points: 192015
    Join Date
    Feb 2017

    Dan, care to tell us which one?

  3. #3
    Senior Member Reputation points: 322354
    Join Date
    Mar 2015
    Rock Ridge

    Was out to lunch with a very reputable BK attorney last week. Most of her cases ae SBA loans.
    Hedley Lamarr......That's Hedley

  4. #4
    Senior Member Reputation points: 54438 Olderguy's Avatar
    Join Date
    Sep 2021
    Irvine, CA

    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.

    SBA bank lenders?
    SBA non bank lenders?

    What type of bankruptcy?
    Chapter 11?
    Chapter 7?
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    Broker, Underwriter, general business loan expert

    @ 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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