$2,595,000 – No-Collateral SBA Loan – Tech Company

Headquartered in Florida

Our client, a VOIP network owner-operator, is way ahead of the game with more than 4 U.S. Business Patents on their technology. This VOIP company raised 3 mil in private equity to turn their network into cloud-based system - reducing overall business cost. At this point, they wanted to refinance because they had to pay a whopping 12.5% to private equity. They have no real estate, several employees but not many... which makes this a "risky" loan on first glance. We call this an AIRBALL - if business stopped tomorrow, what does lender have left? Tech? But how would they use it?! We were able to do it only with an SBA 7a, only today/these times, only here at ComCapFL -No down payment, just a straight business loan despite no collateral.

Complicated deal? Let's put our heads together and strategize for your commercial property's future. Give us a call today at (888) 959-1648 or email us at info@comcapfl.com.