I will keep this short and sweet. Jenny from Boston wanted to purchase a rental property in Boston, pictured above, for $749K. This was a duplex that would create a nice income stream for her. Normally when you go to apply for a rental property loan, you’re...
Ok, so what happens when your client is trying to purchase a business for $4.8 million dollars and they only have around $2.3 million in SBA eligibility left because they currently have a $2.7 million SBA loan outstanding? Can you say “Pari-Passu”? That is the only...
For the past year, Ivanhoe Capital Advisors (ICA) has been pre-qualifying businesses for SBA loans. It has come to our attention that there is a huge problem with a lot of banks and lenders who are pre-qualifying businesses for SBA loans and putting out term sheets...
Most lenders want a 1.25 debt service coverage ratio or DSCR. This means the business you’re listing needs $1.25 coming in for every dollar going out. This is so important when taking on a listing, and is often overlooked by a lot of business brokers. We talk...
As a small business owner, you may find you need a loan but don’t know where to start. If you could answer these three simple questions, you will know how to get your commercial loan fast-tracked by avoiding wasting time on the wrong type of loan. Is your credit...
