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11-27-2023, 12:30 PM #4Senior Member
Reputation points: 72398
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,244
That's my point exactly. Merchants should be offered the best loan products for their needs and most brokers ignore SBA loans because:
Originally Posted by brokerCompany
They don't pay any commission to speak of..(read first post above)
They always get denied (I get 90% of my SBA loans funded)
They require too much paperwork. (I handle it all with the lender and your client)
The secret is examing all the documents to see if they qualify. And what collateral is needed.Last edited by Olderguy; 11-27-2023 at 01:45 PM.
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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