Can anyone recommend an SBA lender that can provide an express loan / LOC?

searcher profile

August 04, 2021

by a searcher from Harvard University - Harvard Business School in Palm Beach, FL, USA

Hello everyone,

I funded an acquisition without 7(a) and I'm exploring an express loan or LOC. Many banks don't underwrite stand alone LOCs outside of the 7a program, so any pointers would be sincerely appreciated!

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commentor profile
Reply by an admin
from Stanford University in Honolulu, HI, USA
Hi, Anonymous - You can also use our DealMatch feature as well. Put in your deal under my deals and click the button for find lenders. You'll find it under dealflow on the main menu ► next to your upper right profile pic. Tagging a few lenders who have done live streams Searchfunder: ^redacted‌ ^redacted‌, ^redacted‌, ^redacted‌, ^redacted‌ and ^redacted‌. Warmly, Karen
commentor profile
Reply by a lender
from University of Missouri in St. Louis, MO, USA
The SBA 7A lender you worked with would be the main person who could do this. Trying to do this with another bank will be really difficult. The AR and inventory are now collateral for the 7A loan so getting a line now will be difficult. The 7A lender you worked with could have done this at close so hopefully they would accommodate your request now. Other banks would be in last position on everything so it will be difficult to get that approved.
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