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SBA Micro Loan

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

9 Views
Funder Intel Admin
Funder Intel Admin
Dec 15, 2024

What was the fico, industry and time in business Steve?

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