Results 1 to 8 of 8
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02-28-2022, 11:52 PM #1
- Join Date
- Dec 2021
- Posts
- 3
SBA or Term loan to refinance Biz debt
hello
who are some good lenders that offer long terms to refinance a 500K restaurant business loan ??
thanks
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03-01-2022, 12:52 AM #2
- Join Date
- Oct 2021
- Posts
- 3
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03-01-2022, 01:46 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,877
SBA 7(a) Guidelines:
https://www.sba.gov/funding-programs/loans/7a-loansDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-01-2022, 03:30 PM #4
It goes way beyond "lenders". You need to know how to package and submit. I wouldn't bother if you don't have the experience. Or ask someone to help you. I am doing that now for other brokers.
Last edited by Olderguy; 03-01-2022 at 04:00 PM.
Steve Benjamin
Professional Business Loans
1012 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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03-02-2022, 10:24 AM #5
- Join Date
- Jun 2017
- Posts
- 2,049
Why don't people use Newtek anymore?
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03-02-2022, 11:13 AM #6
- Join Date
- Feb 2019
- Posts
- 204
They suck at communication and turnaround time. They also don't love working capital disbursements in their loan which is a common need when you work with MCA merchants. On top of that, they will market so many products to the business because that's their whole thing - business solutions.
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03-02-2022, 11:39 AM #7
NewtekOne has treated me well. They are the largest non bank SBA lender in the US capitalized at over $500M. Collateralize business assets, personal property, etc. They are flexible in underwriting. I get my info package direct to the Managing Director who assigns his top processor and underwriter. Prequals in 15 minutes in most cases.
Steve Benjamin
Professional Business Loans
1012 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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03-02-2022, 04:34 PM #8
- Join Date
- Jan 2022
- Posts
- 42
We are a direct 7a lender. Fastest growing non-bank SBA lender in the US. Contact me if you want to come straight to the source.
Dan WallaceSVPEnterprise BankNational, direct SBA lenderFast and creative financing solutions970-390-6650dwallace@enterprisebank.com
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