Exited Transportation company + SBLGP iBank new lending venture

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November 22, 2024

by a searcher from University of Colorado at Boulder in Los Angeles, CA, USA

If I can be of help to anyone looking or actively operating transportation, happy to discuss. We just exited Nov 1, it was hand-to-hand combat everyday - but fun journey and great experience. Thanks to all in this community that offered help/advice along the way!
https://www.pslogistics.com/ps-logistics-acquires-fluker-transportation/

One of my next ventures is asset-based lending financing, specifically in California. Ping me if you want to talk thru the SBLGP from iBank. My 'new' lending company has been around for 35 years... and has arm that specializes in the iBank SBLGP deals. I am leading the effort lending into heavy machinery, but they lend to any business with hard assets.

I cannot find a reason why you would prefer SBA 7A over the CA SBLGP loans, but welcome any feedback otherwise!

Good luck out there Searchfunders!

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Reply by a searcher
from Harvard University in Los Angeles, CA, USA
Hi ^redacted‌ I am new to searching in LA. What are the advantages of SBLGP vs SBA? Is a PG required for SBLGP?
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Reply by a searcher
from Keller Graduate School of Management of DeVry University in Centennial, CO, USA
Congratulations on your exit! I have sent you a DM as I am close to LOI on a company in CA. Look forward to connecting and learning more!
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