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03-25-2020, 02:44 PM #1
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So this list of ineligible 7(a) recipients doesn't apply?
https://www.sba.gov/sites/default/fi...20111122_0.pdf
Sorry to ask the obvious and ugly quesiton-how does anyone sell an MCA or any small business loan product, when literally anyone is eligible for a 7(a) Express Loan?
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03-25-2020, 05:24 PM #2
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- Oct 2016
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03-25-2020, 08:58 PM #3
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- May 2016
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Brokers can potentially be eligible, I have seen them approved and funded - but that is not every broker, SBA is very nuanced and it is not a simple answer. Here's a read if anyone's interested. It's the SBA's SOP's (368 pages) outlining the specifics of the SBA program.
That being said, as an SBA insider I've personally seen 3 different versions of the bill being considered. Until we have something passed, it's really tough to speculate on what the final language will contain. I'm optimistic SBA lending will be supercharged, regardless.
Demand is very strong, and should only continue to grow.
SmartBiz is the top national originator of SBA loans under $350k - jared.kogan@smartbizloans.com
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03-26-2020, 05:50 AM #4
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- Apr 2015
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- Louisiana
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03-26-2020, 09:07 AM #5
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03-26-2020, 09:55 AM #6
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- Jun 2014
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03-26-2020, 02:42 PM #7
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- May 2016
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03-26-2020, 02:57 PM #8
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- Dec 2017
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- 238
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