SBA Micro Loans
I just got one approved through SmartBiz....
SBA 7a
loanAmount: $50,000
Rate: 14.5%
Term: 10 years with no prepayment penalty
Monthly payment: $792
I realize it's only 2% commisson of $1,000
But it's an option if they fail for the other options SmartBiz offers -you can ask for it if merhant is denied and it's available for them. Client lost money on their tax returns and P & L but I submitted it anyways and said to myself WTH.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA92620
Broker, Underwriter, general business loan expert
949.228.1050
What was the fico, industry and time in business Steve?