SBA Business Loans-Experienced Commercial Broker

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.

Get your FREE e-course, “How to Prepare to Apply for a Small Business Loan” on the right top side of my blog.

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Author: admin

Here’s A Little Bit About Me. 20+ years in the finance industry, I rose to the level of Assistant V.P. with Chase Manhattan. While working for Chase, I decided that I wanted to have residual income without having to quit my job. I bought my first apartment building in 1996, three days before my wedding. In 2001, I decided I would leave the corporate world and work for myself in a net branch environment. My passions are helping people get commercial mortgage loans. I also am passionate about investing, working out and being with my family and friends.

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