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07-11-2024, 01:09 PM #1
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07-11-2024, 01:26 PM #2
doubtful...if none of them requested financials other than tax returns they aren't loan officers.
You are new in this business and need to learn more about doing discovery and learn about loan options for clients. Talking to a bunch of a claimed loan officers on a MCA forum doesn't help you.Last edited by Olderguy; 07-11-2024 at 01:31 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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07-11-2024, 02:24 PM #3
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- Mar 2024
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07-11-2024, 02:47 PM #4
That's not bashing that's fact...if they don't ask for financials they aren't loan officers.
"Loan officers use a process called underwriting to assess whether applicants qualify for loans. After collecting and verifying all the required "financial documents", loan officers evaluate the information to determine an applicant's need for a loan and ability to repay it"Last edited by Olderguy; 07-11-2024 at 02:50 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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07-11-2024, 02:58 PM #5
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- Mar 2024
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- 23
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07-11-2024, 03:07 PM #6
Sam you have no understanding of the loan industry.
That's not a loan officer, that's a MCA broker who doesn't even look at the file...they submit it to a dozen MCA lenders.
A loan officer gets full financials and does a basic underwriting review.
Well accept what you get...it's your choice.Last edited by Olderguy; 07-11-2024 at 07:49 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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07-11-2024, 04:30 PM #7
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- Mar 2024
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07-11-2024, 03:17 PM #8
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- Aug 2018
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- 843
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07-11-2024, 03:32 PM #9
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- Jun 2024
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