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SBA Loans

For years, statements have been made to the effect that the Small Business Administration (SBA) will provide only one loan at a time, to a given person or business entity. Yesterday, my associate in the lending business called the SBA directly, on behalf of one of our Clients for whom we are doing an SBA loan. He was emphatically told that any SBA borrower in good standing with his/her loan is eligible for multiple loans, and any bank or lender who suggests otherwise should be heavily questioned about its overall knowledge, in the lending arena. The SBA is apparently back in business!!!

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Answers (2)
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The BAF Group LLC
MD

We are experiencing about 80% approval. Some businesses should not be considered as sales candidates, to begin with. Knowing what has a good shot to begin with helps.

Nov 20, 2010
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IC Tool Suite
Sarasota County, FL

That's great Don, hopefully they can get past a 30% approval rating that they had in 2009

Nov 20, 2010

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