Posted on January 8, 2020 at 9:15 AM
A marine business owner needed a loan of $25,000 to purchase equipment for his business in Manatee, FL. His credit score was terrible and he was afraid he would not qualify for a loan.
As expected his trusted Bank contact could not help. The Banker referred him to us at The BA Fund.
Although we could not find great pricing, we found him options. The 2 loan options he liked were,
1. A traditional loan financing which was a 4-yr term and an interest rate of 25% locked for 4 years. Estimated monthly payments were $664
2. An SBA loan with a 6-yr term with an interest rate of 12.75% that’s adjustable. The estimated monthly payments were $399.
Please contact the BA Fund today!