Results 1 to 4 of 4
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09-18-2023, 02:46 PM #1
- Join Date
- Jan 2022
- Posts
- 44
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 WallaceSVPEnterprise BankNational, direct SBA lenderFast and creative financing solutions970-390-6650dwallace@enterprisebank.com
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09-18-2023, 02:52 PM #2
- Join Date
- Feb 2017
- Posts
- 3,508
Dan, care to tell us which one?
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09-18-2023, 02:57 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,521
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
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09-18-2023, 05:30 PM #4Steve 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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