Shout out to Bruce Marks @ First Bank of the Lake

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June 16, 2022

by a searcher from University of Virginia in Los Angeles, CA, USA

I closed a deal on May 27 thanks in large part to his help. Several other lenders turned down the deal, but Bruce partnered with me to figure out how to make the deal workable from an SBA perspective. My timeline was:

3/15: LOI signed
3/20: Loan application completed
3/29: Loan Term Sheet
4/13: Loan Commitment Letter
5/27: Deal Closed

From what I've been told, that's a very fast SBA process. Bruce helped by structuring the deal and helping me clear roadblocks in advance (get started early on your life insurance policy!).

The whole team at FBOL was flexible and constructive from beginning to end. The APA was not finished until the night before close and they still got it done.

Feel free to reach out if I can give you an idea of what it's like to work with Bruce.

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Reply by an admin
from Stanford University in Honolulu, HI, USA
Congrats to you, ^redacted‌ and ^redacted‌. I love hearing about successful closes.
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Reply by a searcher
from University at Buffalo, State University of New York in Buffalo, NY, USA
This is an incredibly fast SBA process - we closed last year and it took more than 6 months to close. Congratulations!
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