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11-02-2023, 11:47 AM #1
- Join Date
- Jan 2022
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- 42
BMO just merged with Bank of the West and BOTW's SBA department has been rolled into BMO. BMO is a large Canadian bank that has a big presence in Chicago. I worked with them during the great recession.
It will be interesting to see how BMO's very conservative credit culture works with the BOTW crew. I do have some contacts at BOTW SBA if you want to send me a DM.
If you need help with any 7a financing that is secured by CRE, let me know. We are a bank and unlike the non-bank lenders, we don't have to sell our guarantees to generate revenue. That means our pricing is much more competitive. All SBA lenders must follow SBA standard operating procedures and while many lenders have different credit appetites, the direct bank lenders dominate the SBA lending arena.Dan WallaceSVPEnterprise BankNational, direct SBA lenderFast and creative financing solutions970-390-6650dwallace@enterprisebank.com
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