[RichardGerard]

Champ3,

I'm sure you will agree: It isn't challenging to have a Hedge Fund, Asset Based Lender, or a Commercial Bank submit a term sheet within 24 hours of reviewing the basics of the deal- HOWEVER when the deal Funds is the bottom line. So 20 business days is approximately 1 month for an SBA Express Loan- we agree, in principal- if everything falls right.

As for the SBA being more stringent for approvals: In MANY instances the SBA is easier to get done because of the diminished DSCR based on the 10 year amortization versus backing in #'s with higher rates and shorter terms. I believe clients are fearful of the SBA process and the time in which it will take the loan to close, and the Intermediaries steer the file away from that route because of lack of familiarity and/or the modest commission structure.

The Professionals on this Blog are familiar with those Lenders that have an appetite to work with Franchises (start up or otherwise), and all have relationships that they manage.