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  1. #1

    Who here does SBA? Restaurant needed strong financials weak collateral - Let me know

    If you have a good avenue for SBAs contact me through inbox or through this thread - I need to help this guy out, a good merchant of mine in the past looking to secure a large SBA loan. Sub-Broker OK on this one with an agreement.

    Thanks

  2. #2
    Senior Member Reputation points: 3088
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    Smart Biz Loans. Pretty efficient and quick if you prep your clients for the process ahead of time with what docs they need, takes anywhere from 4-8 weeks typically.

  3. #3
    Didn't fit smart biz model - not enough collateral for Celtic - wondering if there is anybody else

  4. #4
    Senior Member Reputation points: 12878
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    Can you give any more details? SBA loans can get very gritty and for all we know your merchant may not have a strong enough FICO, not saying that is the case here but you get the point

  5. #5
    780 FICO - cause for decline has been that he has too much outstanding debt he's trying to refi with SmartBiz - and he doesn't have enough collateral to pledge for Celtic.

  6. #6
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Try newtek though you may have the same issue with to much debt.
    Or funding circle if you cannot get sba done

    Quote Originally Posted by PJLamar38 View Post
    If you have a good avenue for SBAs contact me through inbox or through this thread - I need to help this guy out, a good merchant of mine in the past looking to secure a large SBA loan. Sub-Broker OK on this one with an agreement.

    Thanks

  7. #7
    Newtek brings up quite a few different results on google - Do you have anybody you work with you can suggest over there?

  8. #8
    Senior Member Reputation points: 1258
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    i know the partner guy to contact is timothy isanfield or something, don;t have his e-mail, called the main number they transfered me and i left a message for him

  9. #9
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  10. #10
    I can do this one. Check us out at https://gosbaloans.com. Email me at sean@gosbaloans.com. What is the size of the loan? Are they refinancing a MCA? What is the DSCR on this one and finally where is it located?
    Last edited by seanedeska; 01-30-2018 at 02:35 AM.

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