ARE SBA LOAN BROKERS WORTH IT?

I was introduced to the regional officer at a well-known national bank. who said they will not make SBA 7a loans without the full amount in collateral. Shucks. But she put me in touch with a loan broker, one that she trusts very much.

I didn't realize SBA loan brokers exist, but I guess it makes sense. This one had never heard of a search fund but is eager to help me. On the one hand, some added help (purportedly free) with paperwork and contact management seems great. On the other hand, I'm wary of someone who isn't familiar with search and skeptical that I won't be paying for the service in some form.

Anybody have experience with brokers and willing to share thoughts?



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