by Dave Dambro | Jun 4, 2022 | SBA, What's Closing Now
Melbourne, FL Our client spent his entire adult life working for a very successful restaurant in town, so when the owner was ready to sell – he stepped up to buy. The only challenge was that he wanted to finance the deal immediately following a period of time...
by Dave Dambro | Jan 29, 2021 | SBA, What's Closing Now
New Orleans, LA This client needed capital to restock on inventory and they needed capital for marketing. Due to their cash flow history and strong credit, we were able to get them the money they needed — and FAST! Call us today at 888-959-1648 if your business...
by Dave Dambro | Jan 27, 2021 | Blog, Commercial Loan News, SBA
*Amended on February 23, 2021 to reflect SBA’s Procedural Notice posted on February 16, 2021. Details constantly subject to change. For more information, visit the SBA’s website at www.sba.gov. As things continue to rapidly evolve in commercial financing...
by Dave Dambro | Jan 14, 2021 | Archive, Blog, Commercial Loan News, Commercial Real Estate, SBA
Due to the economic impact of COVID-19, commercial underwriting has become more conservative than ever. While the experience is unlike the financial crisis of 2007, which affected the availability of commercial loans — we are seeing a change in the amount of...
by Dave Dambro | Jun 5, 2020 | Blog, Commercial Loan News, Commercial Real Estate, Fast Business Loan, SBA
…this is the new normal. There has been a major shift in the landscape of commercial and business lending as result of the recent economic shutdown due to COVID-19. Some of the effects on the economy are obvious, while others are not yet as clear. On an...
by Dave Dambro | May 10, 2019 | Commercial Real Estate, Fast Business Loan, SBA
Augusta, GA Another client of ours, a dentist, was using his personal credit cards for his business expenses. Because of this, the client had a personal FICO score lower than 600. With a low FICO, no lender could close any loans for this client. This is something we...
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