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11-16-2023, 01:44 PM #1
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Let me clarify. I am doing a $1.8mm SBA on real estate co-brokering and they're paying 1.25%, which I'm splitting as well. However, they are really a lot of work to focus on them when there's a lot of money to be made from factoring and this other type of financing I'm involved with. It's way easier to refer you to bank who I know do SBAs. Unless it truly is a slam dunk. Anyone can contact me to speak about this other type financing, it's really sweet deal and pays waaaay better.
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11-16-2023, 04:21 PM #2
Reputation points: 242074
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And yet again proving that the SBA stuff is always more trouble than it's worth. Huge financial backlog and taxes due to her mother's declining health from 5 years ago and she's working through it. If she had just filled out the 8821's two weeks ago we would have saved a lot of heartbreak. Now we're pivoting to hard money until we have the permanent take-out. (SIGH)
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