There is no denying that banks seek to serve their customers appropriately and effectively. However, there is a stark reality at play here, as well. Sometimes, a bank may have credit requirements that go beyond what the SBA policy calls for. Therefore, they are not able to approve a loan simply because they are part…
There are a variety of different types of loans available to small and mid-sized business owners, and one of the most prominent is that of the SBA 7(a) Loan, administered by the U.S. Small Business Administration. Widely known as the “Growth Generator,” this loan program is designed to help an enterprise grow by offering needed…
Recently, Filmore Capital was approached by the CEO of a North Carolina-based business looking for assistance with the $47.5 million acquisition of a competitor in Florida. They were facing a problem. After watching the clock tick for 45 days after initiating a financing request with the company’s bank, the Client had still not received a…