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Looking for an SBA loan, though we have a low credit score due only to a recent "mortgage modification".

Our credit score histories have always been good, but in recent months, both my business partner and I have done "mortgage modifications". This has decimated our credit scores. My business partner and I currently run and own (respectively) a group of very succesful assisted living facilities (for which I have a large 2-yr old SBA loan). We are looking at buying another existing (successful) assisted living home, and are considering using an SBA loan to do so. I would bring in cash, and she has equity in her personal home, as a 10-15% downpayment.

How likely are SBA lenders to approve a scenario such as this, in today's market?

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Answers (9)
Dr. Vasquez Reynolds
Easy Lons
Los Angeles County, CA

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Sep 21, 2017
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Hello my name is Wilson a private loan lender 
Compliments of the day to you .thanks to aiding and putting a stop to your financial problems. We Offer all kinds of loan packages (Personal Loan, Commercial Loans, etc.) our loan amount ranges from $2,000.00 USD to $50,000,000.00 USD and a repayment period of 1 year to 30 years duration. To commence the loan application process kindly contact us on wilsonfastloan@yahoo.com

Sep 15, 2017
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If you can contact ,globloan@fastservice.com, your problem is solve.

Aug 22, 2010
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If you can contact ,globloan@fastservice.com, your problem is solve.

Aug 22, 2010
Buy-a- Company

Fraud alert.

Aug 18, 2010
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Hello,

Do you need 100% Finance? Contact Person Clifford Handerson a financial
lender and consultant, CEO of Micro Private Loan for debt consolidation
loans, business loans, Private loans, and Home Refinancing loans.

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Aug 18, 2010
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New York County, NY

We can help improve your credit score so you better you chance of getting a loan. Please call at 646-206-0177.
Thanks
William

Aug 17, 2010
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Corporate Financiers
President

Manny,

I have first hand knowledge of lending to assisted living facilities. I was previously a Banker at such fortune 100 financial firms, including Merrill Lynch. Utilizing my banking knowledge, I now arrange financing for businesses; often utilizing my prior lending contacts. I am an advisor first and intermediary 2nd. I assist from start through funding. Give me a call and I'll discuss this transaction with you; no obligation. Best of all, there is no fee to the borrower for my service. I can provide references. Todd 312-488-3505

Aug 17, 2010
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Biz2Credit LLC
New York County, NY

Manny,

Biz2Credit (www.biz2credit.com) helps funding a large no. of deals in the health care space. In case of loan modification, how long back it happened and what is current personal obligations. Did you delay your payments while getting loan modified and how much was drop in the income.

Call me at 2126444555 ext 107 and we can discuss it as this deal will require some structuring before we can put together a package.

Aug 17, 2010