👋 I’m Ishan and run GoSBA Loans. We are America’s largest SBA loans broker for business acquisitions. We work with 50 lender and are 100% free for borrowers.
@dylangans LiveOak lost a lot of money doing landscaping deals and so did Bayfirst (withdrew form SBA completely). We work with banks that can still fund these but be prepared for p+2 to p+2.75%.
@GrantHensel 5% of the purchase price as a full standby seller note no longer counts toward the 10% required equity injection. - This is incorrect. Seller notes on full standby & equity investments are considered limited equity sources and can count toward the 10% required equity injection
We just closed a $2.4M SBA 7(a) loan for a FedEx P&D route acquisition in Florida. Most SBA lenders won't touch FedEx P&D deals anymore. Right now there are just five active SBA lenders funding these. Potential FedEx buyers please reach out. We can help!
The SBA just doubled the total SBA 7a and 504 loan limit to $10 million.
https://t.co/Be469qzm4E
Buy the business with a 7(a) and use another $5m with a 504 for the real estate or a major equipment purchase.
@dealflow_guy We work with multiple lenders that love MSP’s. Funding one at prime and another one at prime +1. Both needed sellers notes on 5 yr standbys. Would love to help you borrowers get loans.
@OneManLBO Clients ask us to rate shop a 0.25% difference in rate. The best clients are not going to pay 2% a year. The clients that might default / above their heads / thin liquidity will. Bad incentives. This doesn’t even include straight up fraud without PG.
@dealflow_guy@OneManLBO Clients ask us to rate shop a 0.25% difference in rate. The best clients are not going to pay 2% a year. The clients that might default / above their heads / thin liquidity will. Bad incentives. This doesn’t even include straight up fraud without PG.
SBA has announced a new funding opportunity offering up to $50 million in grant awards to applicant organizations that provide training and technical assistance to support small manufacturers across America. Apply now at https://t.co/ZB8wi21j2l.
https://t.co/anoEG0T8s1
We just closed a $2.4M SBA refinance for a construction company whose conventional lender called their loan. They had 30 days to fund or lose their building. $2.4M at 8.75% or p+2%. We got the deal done.
We just closed another SBA 7(a) deal. 🎯 Remote tax and bookkeeping firm. Nationwide client base.
We help buyers acquire businesses with SBA financing. End-to-end support from underwriting to closing. Reach out and lets close your deal!
Looking to buy a business? Let's talk.