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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 (14)
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Nov 16, 2016
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Nov 14, 2016
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Have you ever searched for funds, loans, financial assistance or need an accredited lender to help you meet up with your needs and demands? Do you want an Investment Loan for your business Or have your bank turned you down? Is your monthly income disappearing due to high interest rate on your Loans, Credit or Bonds? Then you have no alternative than to get an instant and reliable service. Contact us today at gggillign@gmail.com for Legit/accredited Loans, Mortgages and Investment funds

Nov 12, 2016
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Nov 6, 2016
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Oct 14, 2016
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Aug 19, 2016
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Email: chun.kome12@hotmail.com
Hello,

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Jul 15, 2016
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Aug 22, 2010
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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
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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

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