Under LOI. Need SBA loan. 700 FICO but Chapter 7 filed in 2020.

searcher profile

January 12, 2025

by a searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business in Schenectady, NY, USA

I just put a business under LOI and everything looks great except that I have a Chapter 7 BK filed in 2020 and discharged in Feb 2021.

Any lenders or brokers that can help? Any other advice?

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
I would love to have a conversation. I think a lot of it is going to have to do with why you filed bankruptcy. Lenders have varying amount of time they require before they will look at a deal for someone who has previously filed bankruptcy. So long as it is explainable we certainly have lenders that will do a deal for someone with a bankruptcy roughly four years ago. You can reach me here or directly at redacted
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Reply by a lender
from University of Southern California in Los Angeles, CA, USA
I have a lender for this. Went through a grueling process of talking to 20+ lenders to get another client funded and only one SBA lender could do it. No guarantees but worth a conversation. You can click here to schedule a meeting with me: https://cal.com/ishan-jetley-3d73m8/30min. Look forward to chatting!
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