Collateral would be the capital equipment that I'd purchase via the loan. No other collateral at the beginning.

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Nov 29, 2022
6:10:52pm

Division Bell Voted best poster 3 years in a

Collateral would be the capital equipment that I'd purchase via the loan. No other collateral at the beginning.

The value of the contract would be 150% of the cost of the equipment I'd buy, to include commercial machinery and trucks/vans... renewable annually.

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Division Bell

Previous username: BluePete
Bio page: Division Bell
Joined: Jul 20, 2002
Last login: May 4, 2024
Total posts: 96,422 (18,524 FO)

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Messages

Author

Time

Anyone here who works with SBA loans?

Division Bell Voted best poster 3 years in a

11/29/22 5:33pm

What kind of questions do you have? I don’t underwrite but I’ve had a lot of

P-Widdy

11/29/22 5:47pm

A few things

11/29/22 5:56pm

What are looking for? Straight working capital? Do you have collateral to offer?

DiamondMo

11/29/22 6:07pm

Collateral would be the capital equipment that I'd purchase via the loan. No other collateral at the beginning.

11/29/22 6:10pm

Unfortunately the shops I’ve worked at don’t do this sort of sba lending so I

DiamondMo

11/29/22 6:31pm

Thanks for the info. Much appreciated.

11/29/22 6:39pm

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