r/Businessloans

Need a loan of about 2.7 million to buy a liquor store, can’t do SBA because of the new rule , US citizens only. Any advice on how to get this loan?

I have a few shops that are running and really need to refinance some MCA debt I am looking to capture that into a 3/4 year payback period does anyone have any contacts?

I’m a personal trainer, who just had shoulder surgery and because of that will be out of work for the next couple weeks until I’m paid again, and even then recovery time will still hold me up a little. Been trying to look for quick money loans to help me out, but just no luck so far. If anyone has any suggestions, please let me know it would be appreciated. I’m new to Reddit with my profile and still trying to figure out how this works. I’m from the Maryland area. If anyone can help it be appreciated, thank you. P.S (I’m even willing to work with someone on here if they would be down to lend me a small loan that I could pay back with a reasonable interest. But if so, would only like to work with honest people). Once again thank you 🙏🏻

Hey guys,

So here's my situation. I (a permanent resident) am interested in acquiring a business along with my father in law (a U.S Citizen). It is listed for $1.8m, and we have around $400k available for a downpayment.

Since the new SBA rules have made permanent residents non-eligible, my father in law has to be the only person allowed to be on the loan.

This presents 2 problems, downpayment is shared between us (75% by me 25% by him). Workaround: I can gift him the funds, with a no payback obligation?

Second problem: The SBA requires him to be the primary operator of the business (which is out of state). He is elderly and wants to only look after the bigger picture stuff while leaving daily operations to me. Workaround: I coulf be hired as a "key employee" and a salary designated for me?

The business has strong cashflow and with a 20-25% downpayment it would have a DSCR above 2. We can potentially ask the seller to also hold a 10% note.

I know that the SBA is unlikely to approve this structure. Are there any other conventional loan programs we could utilize instead?

Many clients I speak to in MCA’s end up getting screwed by predatory lenders.

100s of calls a day from brokers and lenders demanding their money after hidden fees and high payback rates that were never going to be profitable for that person’s small business.

Thats why Safeway exists, a legal debt management program. A team of veteran lawyers will renegotiate terms and rates of your loans and reduce both the total amount and interest rates. Success rate is 98%+.

If you’re monthly payback to MCA’s is over 50,000 you qualify. If you have at least 100,000 in MCA debt across multiple positions you qualify. We specialize in dealing with 3+ positions where consolidations are not suitable for a clients needs.
Clients would work directly with credible and experienced lawyers to smoothly manage MCA debt and open up more working capital opportunities.

NO UPFRONT COSTS OR HIDDEN FEES!

dm if you or anyone you know might be interested

I just started a business LLC . Mostly on investments for equity on businesses . The problem that I’m having is that you need to have the business account for 2 years in order to get a SBA loan through the bank . Although right now or in 6 months I’m in need of 150k
The 150k investment brings me back 68% in ROI . I have some collateral I can put up and my credit score is good .
I make pretty good at my civilian job 6 figures and I get another raise here pretty soon so if business plans do collapse which I highly doubt I will be able to afford the payment . I wanted the loan to also establish business credit but I dont necessarily know what route to take

Hi everyone, I’m a designer and operator seeking a $20,000 short-term production loan this coming week to begin fulfillment on confirmed wholesale orders and bridge accounts receivable. Our last product run sold out, with 551 units sold, 24 refunded, and $129,000 in net revenue. We are launching trade sales and need to move quickly into production to deliver confirmed B2B orders on time in August. The funds will go directly toward materials, production, and fulfillment.

I am contributing capital personally but need a short-term bridge to close the gap. Repayment will come from receivables due this summer, with interest and complementary product as part of the relationship.

Direct private lenders/principals only. Due to timing, I am not seeking brokerage, loan packaging, placement services, referral arrangements, or advance-fee lending. Company details, documentation, order confirmations, and repayment schedule are available privately to qualified direct lenders.

Looking at SBA mainly 7(a), maybe a 504. Tried SBA years ago and got nowhere, and I keep hearing “trucking doesn’t qualify,” which I’m now learning isn’t actually true.

Real question for anyone who’s been through it:

Which program and lender did you use?

What got you denied, or what tripped up the process?

Anything you’d do differently

Thanks!!

My business has 2 SBA Loans 7(a) that have gone into default for about 99k. They are currently being sent to the SBA. The bank said they aren’t going to try to get anything because there is really no assets to get. They said it was the kind of loan that only can get assets of the business. I would like to try to modify the loan but even with the SBA I read they will only do that for 36 months, is that correct? I read there are usually personal guarantees with SBA loans but the bank said they can only come after business assets, can that be the case? If I can’t pay and it is sent to Treasury what am I looking at? I live on ss disability and help from family. Could the Treasury take 15% of all my income, just certain parts of my income, or none of my income? What would be the long term effects of all of this?

Hey everyone as always just posting here for informational purposes to see what they can get approved for if they’re interested. This client had a bit of sticky situation, they already had a line of credit and wanted another one but some broker wanted to make some quick money and got them into a term loan behind it. Traditionally it would make it very difficult to get a line done behind 2 positions but we still made it happen thankfully because the clients balances were still high and his credit was good (700+) if you’re stuck in a situation like this or just want a line of credit without dealing with someone convincing you to take something you don’t want I’m happy to answer any questions.

So I'm 24 and I made an agency 2 years ago and I made decent money but sadly as soon as it was picking up it was destroyed by artificial intelligence sadly, so I had to ditch it and I upskilled in Shopify, google ads and digital marketing for about 6 months, I talked to founders who created Shopify stores making over 600k over 3 years, I've worked and connected with 3 big founders and I basically found a way to be making at least 7k monthly in 3 months, amazing right, what is the issue then if I can get that much money? I can't do it without investing ideally $2700 upfront for the first 3 months which will generate some sales but will only manage to cover the invested amount and I'll have to work for free just to build it and improve it over the next 2-3 months.

so yeah I can't really work for free and also invest from my own savings that will ruin my financially because I've only got savings to cover me for 5 months while also working part time an actual job and full time on this new business.

I have the skills, education and connections to build it, I just don't have the money to invest it, I've never took a loan before I don't even have a credit card I'm scared of spending money I don't have but I'm open to taking an investment and giving 30% of the business, I do all the work, someone invests in me and I give them 30% of money the business makes, we can figure out the legal work and contracts with that person.

I've started a successful business before but I sadly got into something that got obliterated by artificial intelligence so I have the skill to build something I sadly just don't have the funding.

So I'm 24 and I made an agency 2 years ago and I made decent money but sadly as soon as it was picking up it was destroyed by artificial intelligence sadly, so I had to ditch it and I upskilled in Shopify, google ads and digital marketing for about 6 months, I talked to founders who created Shopify stores making over 600k over 3 years, I've worked and connected with 3 big founders and I basically found a way to be making at least 7k monthly in 3 months, amazing right, what is the issue then if I can get that much money? I can't do it without investing at least $2700 upfront for the first 3 months which will generate some sales but will only manage to cover the invested amount and I'll have to work for free just to build it and improve it over the next 2-3 months.

so yeah I can't really work for free and also invest from my own savings that will ruin my financially because I've only got savings to cover me for 5 months while also working part time an actual job and full time on this new business.

I have the skills, education and connections to build it, I just don't have the money to invest it, I've never took a loan before I don't even have a credit card I'm scared of spending money I don't have but I'm open to taking an investment and giving 30% of the business, I do all the work, someone invests in me and I give them 30% of money the business makes, we can figure out the legal work and contracts with that person.

I've started a successful business before but I sadly got into something that got obliterated by artificial intelligence so I have the skill to build something I sadly just don't have the funding.

Doing final research on funding options for my commercial cleaning business. We're growing into bigger contracts but the net 45 to net 60 payment terms are creating a cash flow gap. Looking at $60K to $80K, either a line of credit or invoice factoring.

Advance Funds Network keeps showing up in my research. Their Trustpilot has way more verified reviews than most of the other places I've checked which is what got my attention. I've been talking to Jason there and he has been helpful so far, walked me through the options without any of the pressure I got from a couple of the other lenders I called.

Before I move forward though I'd love to hear from anyone here who has actually closed with Advance Funds Network. Want to confirm the rest of the experience holds up to what Jason has been telling me so I can pull the trigger with some confidence. How was the process after signing, and how did the rep stay in touch once funding hit?

Open to other names too if anyone has one worth looking at. Already ruled out my bank because the timeline is too slow. Need to move in the next couple weeks. Thanks

I am seeking a short-term bridge loan or private lending solution to refinance an existing mortgage secured by real estate in Stark County, North Dakota.

The property is my primary residence and includes acreage, a developed farmstead, and a large shop building. The bank’s recent appraisal reportedly valued the property at approximately $636,000, while the total debt payoff is approximately $219,000, creating roughly a 34% loan-to-value position.

The current lender has agreed to temporarily hold off on formally filing foreclosure proceedings while I continue pursuing refinancing, but conventional financing has been difficult due to credit damage caused during this situation and the fact the mortgage is currently past due.

I am not looking to walk away from the debt or the property. My goal is to secure short-term financing (12–24 months) to stabilize the situation, improve credit, and transition into conventional financing afterward.

Key points:

\* Property value: \~$636,000

\* Total debt payoff: \~$219,000

\* Approximate LTV: 34%

\* Primary residence + developed acreage/shop

\* Seeking bridge loan / private lender / asset-based solution

\* Open to reasonable terms and structures

I understand this is outside conventional lending standards, but given the equity position, I am hopeful the right individual or group may see value in the opportunity.

Serious inquiries only please. I can provide additional information, documentation, and property details privately.

Edit: this mortgage is on a shop building I had built 10yrs ago. The land, 26 acres and home, are paid for. My excavation business pays me personally $2000 per month rent for the shop. The monthly mortgage payments were $2000/mo. So the business, essentially, makes the shop payments. My business has a gross income of approximately $24000/mo. The reason I have landed in this situation is as follows: the mortgage will set up on a 30 year amortization with a five-year balloon. The five-year balloon came due in the past the bank had refinanced this time around. They did not. Their reasoning has changed four different times, the thing that I came to with the most logical conclusion. there was a discrepancy on a separate piece of property they claimed to have a lien on when in reality they did not. Then when I would not grant them a lien on that said property, they refuse to rewrite the note. My thought was they already had a property worth over 600,000 on a 200,000 note they didn’t need more.

For example: I need $30 million to start a business. But I don’t have that, so how much will a bank lend me?

Looking for some help.

I have an MCA which I’m on the tail end of payoff with 6 months left.

However I’ve been at this for nearly 2 years bleeding myself dry while also trying to be a human being to my family and employees.

It’s drowning.

Daily withdrawals are 7K.

Remaining balance is 1M.

Came from 2.5M so I’ve made huge progress and I do see the light but honestly I’m over it.

Anyone know of a law firm that will take this case strong and get me a lump sum settlement?

Basically I’m looking to call them, say listen - I know what I signed. I messed up. I made a bad decision.

However you guys did the triple-back-flip-double-do-ya refi, netted me 700k on a “deal” where the original amount funded was 1.6M and paid yourselves off the other 900k or so I owed you in other debts I was upside down in.

They know what they did.

And I have 500k im willing to pay out in a lump sum.

I haven’t defaulted, but I absolutely will if that’s what needs to be done for negotiations.

*DID NOT SIGN A COJ*

Have a running business, in EU GER. Have 190k collateral for a loan, but having timely issues with all the credit unions and even private lenders. Is there any private lenders that lend with collateral in a timely matter?

So we have built software which pulls fresh UCC filings along with their owner / business details daily, we get like ~20k unique data every week across CA, NY, FL, PA, GA, CO, OH, AZ and a few more states.

So i am thinking of starting an automated subscription type DaaS website, where buyers could subscribe and they'd get fresh fillings every/day it'll be up to them how they wanna use it, they could filter as per states, lenders, and even enrich them with contact number for much cheaper.

Most existing UCC data providers only sell months old batches, cover only the top few states, or give you enrichment bundles you may not need.

So i just want genuine feedback how the product could do and what price point would be fair, Just trying to figure out if this is worth launching or if I should pivot.