Loan Calculator
BLP Logo

The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

CONTACT US
6722
post-template-default,single,single-post,postid-6722,single-format-standard,mkd-core-2.0.1,mikado-core-2.0.1,ajax_fade,page_not_loaded,,onyx child-child-ver-1.0.0,onyx-ver-3.0.1, vertical_menu_with_scroll,smooth_scroll,side_menu_slide_from_right,elementor-default,elementor-page elementor-page-6722
SBA Icon

Credit Elsewhere Change

SBA has listened to the lending community and has rolled back a change to the SBA program that was released earlier this year. When determining credit elsewhere, SBA is again looking at owners with 20% or more equity in the business (previously 10%). This determination does still include owner’s spouses and minor children. In addition to personal liquidity, SBA will also seek confirmation that funding is not available from other non-government sources.

 

BLP staff will work with you on your project to ensure this requirement is documented to meet SBA requirements.

Contact Us with your business financing needs

Thomas Van Gent
Thomas Van Gent
Loan Officer
Thomas has been with BLP since 2015. Thomas conducts credit analysis and application processing for BLP. He also assists in maintaining the business loan portfolio.
No Comments

Sorry, the comment form is closed at this time.