Is it better to go with an SBA loan broker or just work directly with someone like LiveOak?
Trying to figure out the pros and cons of each...
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by a searcher
from Babson College - F.W. Olin Graduate School
in Chapel Hill, NC, USA
in Chapel Hill, NC, USA
9mos ago
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by a lender
8mos ago
from Youngstown State University in Pinehurst, NC, USA
from Youngstown State University in Pinehurst, NC, USA
Said and Dominic are correct. We have relationships with several SBA lenders that we have vetted over the years. Because of those relationships we know exactly where to place the loan for our client. We may have prelim discussions with several lenders if the loan requires some massaging, so to speak. You mentioned LIve Oak and they are very good, but having other options for the best opportunity is better with brokers.
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by a searcher
8mos ago
from Western Governors University in York, PA, USA
from Western Governors University in York, PA, USA
I believe a broker would be the better option, unless you have a lot of time to send in requests to each individual bank or lender, which no one really does. The broker will take care of checking the lenders to see who might accept your loan, which would be a lot less work on your part.
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