Results 1 to 7 of 7
Threaded View
-
09-08-2021, 02:03 PM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
SBA is Sub Prime Dave- don't wish to argue- just clarify.
Banks use the SBA Guaranty on deals they would typically pass on themselves. Why not have the Government act as a safety net? We do a significant amount of bank direct deals without SBA involvement, and many are underwritten more swiftly based on the lenders specific credit model and UW department.
Many SBA Lenders prefer the 350k + space but we work with several that utilize expedited or short form. Many of these aggregators and lenders have been slower since PPP. Some of those will use the 'Express' for revolvers only.
We will get Chase referrals in NY Metro area from relationship banker contacts. We do not work with WF, but have several large footprint banks like Citibank, Citizens, Santander, PNC, People and Other Credit Union/smaller footprint referral partners.
I agree many MCA Brokers are not set up to work on Bank or SBA loan- we are happy to.
richard@bccusa.com
Similar Threads
-
Term Loan
By GRA in forum Deal BinReplies: 3Last Post: 10-06-2019, 09:10 AM -
Expansion/Growth Loan $350k, Term Loan Needed
By Mako284 in forum Deal BinReplies: 3Last Post: 10-23-2018, 09:51 AM -
Contractor doing $2+M looking for term loan or long term cash advance
By PulseLenders in forum Deal BinReplies: 14Last Post: 04-17-2017, 06:30 PM -
Term Loan
By fundnow in forum Deal BinReplies: 7Last Post: 10-01-2016, 05:15 PM -
Whos is left in term loan and non mca unsecured loan space?
By michaelh in forum Deal BinReplies: 9Last Post: 08-02-2016, 05:31 PM