Anyone close a deal using California IBank and not SBA?
SBA ineligibility due to non-citizenship means I have to look at debt funding alternatives. Searching in California and so CA IBank loan guarantee program is available. I’m told the key difference vs SBA 7(a) is a 7yr amo vs 10yr (good luck to me bidding competitively) but otherwise similar process, fee, rate, DSCR, etc, with some of the qualitative SBA requirements more relaxed. If anyone has experience would love to hear about it. TIA!