Hey all, I've been searching for about 1 month now and several brokers I've reached out to have consistently been pushing me to look at smaller deals (~500k in price with 150k-200k SDE).

Every time I bring up a deal at 3mm-5mm range with corresponding SDE, even with me being able to put in 10-20% equity, they tell me that SBA will likely shut it down due to my lack of industry experience and/or I don't have the collateral via equity of my home to be able to support the SBA loan.

I'm not sure if it's just these brokers are trying to make a quick sale on the smaller deals or if the space has changed enough where I need even more collateral to be able to finance a deal.

Any insight is appreciated.