In search of a new lender to take over - any recommendations? $3.5M

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by a searcher from George Mason University in Manassas, VA, USA

3mos ago

In search of a new lender to take over - any recommendations? $3.5M

Hey everyone! I have the blessing from my current lender to either perform a "Transfer in participation" (SBA loan transfer to a new bank) or pay off with a new lender/other type of loan. For some background I purchased a profitable manufacturing business, with $1.9M in real estate. The corporate HQ is in VA while 99% of operations are in upstate NY. Edited to add: We have strong PE interest in providing funding for future growth, but my priority right now is speed. But I am open to PE/equity type investments to payoff as well

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Reply by a searcher 2mos ago
from George Mason University in Manassas, VA, USA

They broke the law in denying service member rights. The fed got involved, a congressional rep, and attorneys. They conceded and I said I wanted to walk away from a bank that was so hostile and they agreed

Reply by a searcher 2mos ago
from George Mason University in Manassas, VA, USA

They broke the law in denying service member rights. The fed got involved, a congressional rep, and attorneys. They got listed in the FTC sentinel database for it. They conceded and I said I wanted to walk away from a bank that was so hostile toward service members and they agreed to let me walk with a transfer in participation, because when I’m deployed or activated on orders they don’t make as much money off me

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