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SBA Lender Match

Name: SBA Lender Match
Uploaded: 2018-11-01T18:23:11+00:00
Duration: 29 s
Channel: Your Advisor
Description: The SBA Lender Match tool connects startups with lenders across all 50 states. A Texas auto-repair owner cut his interest rate from 21.99% to 7% and…

1 Nov 2018 · 0 min

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0:29

The SBA Lender Match tool connects startups with lenders across all 50 states. A Texas auto-repair owner cut his interest rate from 21.99% to 7% and slashed weekly payments using it. Over 800 lenders participate in the program.

Questions this video answers

Over 500,000 new business startups each month.

Over 800 lenders in all 50 states.

From 21.99% (approximately) down to 7% interest rate.

He describes going from paying (spoken) '25 to 3 grand a week' to paying $400 a week (testimonial phrasing).

www.sba.govforward/lender match (spoken URL in transcript).

Around the nation, There are over 500,000 new business startups each month. As a new business startup, funding is one of the first and most important financial decisions a business owner makes. SBA's lender match tool brings together entrepreneurs and SBA lenders to help increase access to capital. There are over 800 lenders in all 50 states that participate in the online referral program. Hear from a small business owner of an auto repair shop in Texas.
With the SBA loan I went from I think it was 21.99 interest rate all the way down to 7 interest rate, going from paying 25 to 3 grand a week to paying $400 a week. So that's a big. That's a big cut.
Lender Match is a user friendly, intuitive platform that makes it easier for entrepreneurs to use and connect with potential lenders. For more information, go to www.sba.govforward/lender match.