Government Shutdown Stops SBA Funding

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Government Shutdown Stops SBA Funding

(But we can help!)

 

I was in school when I read a book called, “The Art of the Deal” by Donald Trump. I believe that is the first place I read that the person who wins a negotiation is the person willing to walk away. So if you ask me how long the government shutdown will last, I think it will last as long as it takes for them to pass President Trump’s border wall funding. I just think he cares less about getting re-elected then everyone else. But when will that be? That is the billion dollar question! I can only deal with the here and now and right now, SBA Funding 7A loans can not fund. That is causing a pickle for many people.

 

New SBA loans take time to close anyway and banks and lenders that are PLP (generally the only kind I use) can keep working loans toward a closing…but they can not fund until they get an SBA Authorization which right now can’t happen. Just so you know, borrowers who have been issued SBA authorizations are still able to close their loans, but no new SBA authorizations are being issued until the government reopens.

 

The good news is that we have a unique Franchise Financing program that utilizes a specialty bridge loan to fund Start-up Franchise loans EVEN WHILE THE GOVERNMENT IS SHUT DOWN.
  • 10 business day loan approvals (in-house)
  • Bridge loan closes in as little as 1 day after approval
  • 3% fee associated with this
  • Streamlined lending process gets doors open 4-6 weeks sooner on average
  • Can fund during an SBA shutdown
  • No 3rd party inspectors or initial cost reviews required (saves money)
If you are at risk of missing your target opening date, reach out to me right away and we can get you to the funding table in 3 weeks so you can start paying your GC and equipment vendors.

We have over 8 SBA loans in process and we are workingeveryone of them. But we have options that many lenders do not have. We are here to close loans…we are aggressive, we are creative…we get it done. If you or anyone you know needs financing for SBA loans OR private money loans OR EVEN Stated Income loans…we are the place to go.

Wishing you the Best,

 

Karen Schimpf

 

P.S. The good news is that we have a unique Franchise Financing program that utilizes a specialty bridge loan to fund Start-up Franchise loans EVEN WHILE THE GOVERNMENT IS SHUT DOWN. If you are at risk of missing your target opening date, reach out to me right away and we can get you to the funding table in 3 weeks so you can start paying your GC and equipment vendors. Just call me today at 512-650-863 or get started by filling out this form. 

I’ll underwrite it quickly and can usually have terms in 72 hours. Commercial Capital, when it absolutely, positively has to close in 3 weeks!

Give me a call today to discuss your deal at 512-650-8630 get started by filling out this form.

 
 

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