Already Carrying a $2.7 Million SBA Loan — And Got $350,000 More

Q: Can I get more working capital if I already have a large, multi-million dollar SBA loan?

A: Through one of our partner SBA preferred lending banks, Radix Financial Group was able to secure $350,000 more in working capital for a consulting firm that already carried a $2.7 million SBA loan.

Here’s how it worked…

A consulting firm was already carrying a $2.7 million SBA loan — $35,112 a month in payments. Most lenders would look at that balance and say the business has enough debt.

But this was a super profitable company. It didn’t need a bailout — it needed growth capital.

Through one of our partner SBA preferred lending banks, Radix Financial Group was able to secure an additional $350,000 in working capital on top of the existing SBA loan.

Big existing debt doesn’t disqualify a strong business. When the numbers work, there’s room for more. Talk to us at radixfinancialgroup.com.