SBA Lenders: Top lenders, ask for recommendations

by a searcher from University of California, Berkeley

4 months ago

FYI in case anyone hasn't seen this resource: here's a list of the top SBA lenders nationally by deal count and dollar value! I am in the process of putting together financing for my self-funded search, so figured I'd share this post.
If anyone has feedback on banks that they've worked with that 1) have fast approval processes, 2) minimize their collateral obligations, and 3) are experienced looking at goodwill transactions, recommendations would be appreciated!
https://careports.sba.gov/views/7a504LenderReport/LenderReport?%3Aembed=yes#038;%3Atoolbar=no

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11 comments

searcher from University of San Diego

Another thing you have to consider with the different lender is their coverage ratios. Some might do more volume, but mandate a 1.5 coverage ratio. Others do a little less and have a 1.15 minimum. Just something important to note and consider with your deal underwriting.

2 months ago | like reply | 0 likes

searcher

Thank you for sharing!

3 months ago | like reply | 0 likes

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