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04-15-2016, 06:02 PM #5
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Need an SBA Loan
Your client will need:
3 years of financial statements
3 years of corporate returns
Well put together personal financial statement
Well put together resume & executive summary
Bank statements (3-4 months)
Projections (3 years)
If the owner holds any real estate personally with equity, he needs to understand that depending on the bank they will first take a second position on the property they own personally and SBA will guarantee the remaining portion up to 75-90% of the loan.
If you are brokering the deal, i think the max you can charge as an intermediary is 3% as per SBA standards (you may want to confirm the exact percentage).
Happy to help.