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08-02-2022, 09:48 AM #2Senior Member
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- Join Date
- Sep 2021
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If his term loan is a SBA 7A, he can go back to the same lender and get a second SBA 7A. Otherwise a 7A is 10 years at 7%. Needs 85% collateralization. Does he qualify for A/R factoring?
Steve Benjamin
Professional Business Loans
522 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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