Already Carrying Two SBA Loans? This Healthcare Company Still Got $300,000 More in Working Capital

Q: Can I get another SBA loan if I already have two?

A: Through one of our partner SBA preferred lending banks, Radix Financial Group was able to secure $300,000 more in working capital for a healthcare company that already carried two SBA loans totaling about $774,000.

Here’s how it worked…

A healthcare revenue cycle management company was already carrying two SBA loans with combined balances over $770,000 — more than $10,700 a month in payments between them.

Most lenders look at that and say the business is done borrowing. Two SBA loans, large balances, case closed.

But the company needed more working capital to keep growing, and the existing loans weren’t the end of the story. Through one of our partner SBA preferred lending banks, Radix Financial Group was able to secure an additional $300,000 in working capital on top of the two SBA loans already in place.

The lesson: “you already have loans” doesn’t have to mean “you can’t get more.” The right structure and the right lender can still find room.

If your business needs more capital but you’ve been told you’re maxed out, talk to us at radixfinancialgroup.com.