When you hear a business owner say:
· “I would like to expand but I my bank won’t lend the full amount I need”
· “I just got declined for a loan from my bank to buy R/E, equipment, inventory, working capital”
· “I want to buy out my partner (or purchase a business) but can’t get financing”
· “My bank approved the equipment loan but they only gave me a 24 month term, I’m afraid of a payment that large.”
SBA (Small Business Administration) Bankers serve as a trusted banking solution. They Make $1MM-$5MM loans to small businesses.
How they Work They use Government loan programs, to businesses that meet SBA guidelines. They are able to do this by treating the building acquisition as simply an extension of their existing business, rather than a new acquisition.
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