Results 1 to 7 of 7
Hybrid View
-
11-08-2013, 11:51 AM #1
All the SBA does is guarantee loans that traditional banks underwrite and fund. Last I read, they were guaranteeing up to 80% of the loan to banks.
Issue is, with such thin margins in traditional bank loans, and the current default rate on business loans, it doesn't become profitable until you are into the million + range.
How many merchants that we deal with are at that level?
The days of the $20-50-100K SBA loan are over
Similar Threads
-
Merchants Say the Darndest Things
By JayBallentine in forum Everything elseReplies: 0Last Post: 10-30-2013, 07:05 PM -
Merchants Bank INc
By skideeppow in forum Merchant Cash AdvanceReplies: 0Last Post: 09-18-2013, 03:48 PM -
Option A or Option B
By JayBallentine in forum Merchant Cash AdvanceReplies: 1Last Post: 08-22-2013, 09:04 AM -
Kabbage Funding Brick & Mortar Merchants
By Sean Cash in forum Merchant Cash AdvanceReplies: 19Last Post: 06-19-2013, 11:39 AM -
Capital For Merchants/ North American Bancard Agent opportunities
By mgallagher in forum Help WantedReplies: 1Last Post: 02-21-2013, 03:26 PM