Curtis McMillan Posted June 12, 2011 Share Posted June 12, 2011 As of last night I got approved for my SBA loan. (-: So a little more work on the investors side and we are ready to rock. Link to comment Share on other sites More sharing options...
Chris Martin Posted June 12, 2011 Share Posted June 12, 2011 Congrats! "Slainte!" Link to comment Share on other sites More sharing options...
CharcoalAged Posted June 12, 2011 Share Posted June 12, 2011 Congrats! Link to comment Share on other sites More sharing options...
Scott @ Twenty2Vodka Posted June 12, 2011 Share Posted June 12, 2011 Congrats Curtis! Is the "little more work on the investor side" a condition of the SBA loan $ coming in or to supplement your overall fundraising goal? Not looking for specific numbers (unless you want to share), more curious on the SBA's requirements in this "economic climate". Thanks! and best of luck! -Scott Link to comment Share on other sites More sharing options...
JohnD Posted June 12, 2011 Share Posted June 12, 2011 Congratulations! Grants are pretty competitive these days. Link to comment Share on other sites More sharing options...
Tirador Posted June 12, 2011 Share Posted June 12, 2011 Congrates ... spend carefully ... Stephen Link to comment Share on other sites More sharing options...
Cutty Posted June 13, 2011 Share Posted June 13, 2011 Cheers! Best of luck to you. Link to comment Share on other sites More sharing options...
Beauport Bob Posted June 13, 2011 Share Posted June 13, 2011 JD and all, to clarify, my understanding of an SBA loan is not a loan or grant. It is a guarentee on payment of part or all of the loan by the Fed.Gov't. The money is lent by an approved lending institution, with the usual (collateral,clean history, repayment potential,etc.)credit demands on the borrower. Usually a commercial bank or a Savings & Loan type institution. There is a lot, a lot, of work to be approved, especially in an uncommon industry. Congrats to Curtis and others who have gone this route. You must have found a very excited, intellegent, and understanding loan officer to represent you to the process. A toast to him/her. Cheers, Bob Link to comment Share on other sites More sharing options...
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