I need a bank that likes to work fast - SBA

searcher profile

September 17, 2024

by a searcher from Northwestern University - Kellogg School of Management in Miami, FL, USA

I have deal ready to close, but the bank is taking too long. QofE by independent valuation company was $3.2M in EBITDA, but my bank is taking too long to go from Pre-approval to term sheet. I need a bank that like to work fast.

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
We are a Commercial Loan Brokerage Shop with over 500 direct funding partners. We have some lenders that can move very quickly and we have some lenders that will work the approval process at the same time they have the deal in a pre-closing process. If you want another set of eyes you can reach me here or directly at redacted
commentor profile
Reply by a lender
from Bloomsburg University of Pennsylvania in Ambler, PA 19002, USA
Happy to discuss if helpful. We have bank partners willing to move quickly assuming ducks are in a row. That said and inherently most lenders (at that deal size) will likely require additional signers to support the loan approval process which can eat up a few more days. redacted
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