Equity shortfall - $5M loan pre-approved but lender now requires 2x equity

searcher profile

October 12, 2019

by a searcher from The University of Auckland - The University of Auckland Business School in Los Angeles, CA, USA


$5M SBA 7(a) loan pre-approved but lender now requires 2x equity ($500K) so I have a shortfall

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commentor profile
Reply by a lender
from University of Pennsylvania in Boca Raton, FL, USA
Perhaps my company, Myriad Growth could help you... check out: https://myriadgrowth.capital/ call me if interested###-###-####
commentor profile
Reply by a lender
from The University of Michigan in District of Columbia, USA
What was the reason? This can happen if the cash flow of the business does not support the requested loan amount. Feel free to email me directly at redacted
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