Loan Stories
How we helped our clients
There's NO WAY.. I'm letting this one go.
"She is in NO WAY strong enough for this loan in the VI. We would not be interested at all." Was the response I got from them. It's one thing to bounce something like that off of me, and it still stung a bit.
Impossible? Prove It.
The business specialized in casino game machine refurbishment and sales, and they were STRONG. The buyer had about 2.5% of project costs in liquidity, light assets otherwise, and a not-so-great personal credit score. He did have a decent amount of managerial experience, but nothing that would really blow you away.
I'll make it happen..
"Yeah.. I won't ever hear from him again." I thought to myself as I got off the phone call. I casually moved the file into the maybe pile, and didn't think twice about following up.
Cue the Confetti
The Paximadakis family called me with nothing more than an idea and a long history of living and breathing the hospitality industry. They had just enough of all the ingredients needed to make a restaurant acquisition, but they couldn't find a way to blend them all together.
SoCal Tear(s)drop(ped)
Tom called us back in January and had been looking for funding to start manufacturing a new camper trailer he had designed. He called it the Incognito as it really just looks like a pull behind trailer, but inside was complete with everything you'd need to get off the grid for a long weekend.
Buy an existing daycare - We make it simple.
I get a call from a partner in a daycare in Houston, TX. They were partnering up with two other families to acquire a well established daycare in a community nearby.
Persistence Pays.
Tyler was one of the first clients I talked with after I started sbaloansHQ. He was tossing around the idea of multiple opportunities, and would frequently send properties or businesses over to get my take.
Hello, My Friend.
"Hello, my friend" - Every time I call Ramon, that's how he answers. In the last 6 months the tone of his voice hardly changed. Never discouraged, never angry, always pressing forward.
Turn down... For What?
Adam and Jen purchased a piece of land in Maine in late 2019, and had plans ready to build a new car wash. The problem was they needed to finance the entire construction project, the equipment, and get some working capital.
Get busy living, or get busy dying.
Andy has been a plumber nearly a quarter century. He has spent most of that time working for and growing other peoples companies. This time around, he knew it would be different.