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12-01-2023, 10:04 AM #9
Maybe so with the bank you deal with, and I'll look into that source for sure, but be realistic...every broker that calls me with a denied SBA file, it's because their SBA bank denied the file. Typically requiring 51% O/O commerical property and no personal assets allowed. And yeah it varies but that the general situation. On the other hand, you're right too. And the damn guidelines are changing all the time....now many are requiring 1.1 assets for truckers due to defaults.
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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