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SBA backed business loan
I can can come up with 30-50 % down to qualify for an SBA backed loan. I am working with a loan packager that charges $2500 to "package" the loan and find a lender for me. Is it possible to get the SBA loan without the packager? or with tight money now, should I just pay the $2500 to get the remainder of finacing?
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IMHO?
I think you're getting swindled.
It's not hard to find out which banks make SBA loans. Then you can come up with your own BS numbers rather than have a consultant make them up for you. Remember, YOU are the one who will be signing for the loan, NOT the 'packager'. When you sign your name to an app based on the 'Packager's' numbers, you make them your own. The packager isn't going to make your payments when you fail to make the projections the packager made for you.
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