In this webinar, we covered the following topics:✅ Recent Closings✅ Basic questionnaire✅ Bridge / Renovation loans✅ Seasoning for cash-out refinancing✅ Portfolio loan advantages✅ General underwriting requirements for portfolio loans✅ Why and when a bank loan might be your best choice✅ Projection-based portfolio loans for short-term rentals✅ Blanket loans✅ Building business credit✅ Financing furniture & fixtures …

You don’t have to have collateral to get an SBA loan. However, the SBA will require the applicant to pledge collateral when it is available to fully secure the loan. If there is not sufficient collateral in the business, the SBA must take available equity in the personal real estate (residential and investment property) of …

One of the keys to getting your SBA 7a or 504 loan approved is to write a detailed executive summary. Your executive summary should include a simple and direct cover letter. In it, describe who you are , your business background, what your business does, and how the loan will help the business succeed. You …