What do you dislike about SBA loan brokers?

by an intermediary from Creighton University

2 months ago

I've heard from various sources that loan brokers are a necessary evil for obtaining SBA funding. What has been your experience with them? How have you gone about securing SBA loans?

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9 comments

investor from University of California, Berkeley - Haas School of Business

You will likely end up paying a ~ ###-###-#### % higher interest rate if you use a broker. SBA brokers don't charge you a fee, but they get paid via a referral fee from the bank. The bank charges you a higher rate to recover this cost. Do the math and see if you feel it is worth it. You can likely do without a broker if you connect with the SBA lenders active on Searchfunder

2 months ago | like reply | 0 likes

professional from Babson College - F.W. Olin Graduate School

I think loan brokers serve a great purpose and help you save time. Highly recommend FRAN MILLER Senior Director of Business Financing --@----.com###-###-#### www.multifunding.com

2 months ago | like reply | 0 likes

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