Using an experienced commercial broker makes a difference on getting your SBA Business Loans approved. An experienced commercial broker has access to lenders who are not banks, and they are more aggressive. They would also have access to small local banks in other areas that are expanding their lending nationally. You would not know about them in the local marketplace.
There is a wide range of funding sources that look for certain things. SO one lender really focuses on experience, another really focuses on assets, and based on the strength of our borrower, an experienced broker will put them with the lending source most likely to approve a loan.
Now don’t get me wrong, bad files are not getting approved. The borrower and the deal needs to be viable, but there is a big difference in the way an underwriter looks at a file when the main goal is to approve a loan verses the main goal being to avoid risk. That is the key difference.
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