How We Close Complex SBA Loans
Collaboration with borrowers and preferred SBA lenders is at the center of our success.
Entrepreneurs, take heart!
SBA loans have a reputation for having great terms, but being difficult to acquire. Nexus Commercial Finance helps businesses not only succeed, but to maximize their available capital. Just look at these challenging loan scenarios from 2023:
A part time at-home jeweler who had worked as an engineer for many years wanted to expand his business. Despite no direct professional experience in the jewelry industry, he wanted to expand his interest into a full-time business. To launch the business at a professional level, and to receive funding, he needed a license to trade in the industry. We helped him obtain the necessary license and ultimately secured a $5 million SBA-backed loan to realize his vision.
Another business founder went from working as a mortgage officer to becoming an electrical contractor. Without electrical or GSA licenses he faced an uphill challenge to become fully funded. He also did not have a comprehensive business plan. None of the lenders he had approached would work with him. But as seasoned business consultants, we supported this client in creating an actionable business plan that allowed him to complete licensure, get financing approval, and launch his business.
A third client was an auto industry advisor, but he had a vision to launch an authentic restaurant. The client didn’t even have enough cash for a 10% down payment, and other lenders rejected his SBA loan application.
We offered our down payment assistance program, which helped him structure the loan in the right way to get approval.
Despite all the challenges, another real challenge for many first-time business owners is negotiating a property lease that meets the SBA requirements. Because of our experience in commercial real estate, Nexus negotiated leasing terms for this client, creating a stable financial picture that met funding guidelines.
Nexus has built a strong reputation by connecting borrowers with our network of preferred SBA lenders. We specialize in turning unsuccessful loan applications into successful ones, giving our clients the means to rapidly grow their businesses or even acquire new ones.
With our help, our clients can achieve their dreams and take their businesses to new heights.
Each challenging loan scenario gives us an opportunity to leverage our experience, find creative deal structures, and work on behalf of the client to get their financing approved.
Have you tried to become fully funded, but failed?
Talk with Nexus Commercial Finance to find out what we can do for you.