When a business owner defaults on a government backed loan, he is never again eligible for future government funding unless he brings the past default current. But what happens when that business owner needs to borrow working capital in the
When the owner of an HVAC installation company applied for $350,000 of working capital, he was turned down by multiple lenders. Most banks are reluctant to lend so much to a small business without any collateralization. Compounding the potential borrower’s
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Radix Financial Group and its affiliates are not lenders participating in SBA’s 7(a) loan program. Radix is a marketplace to help business owners obtain SBA 7(a) loans. Said loans are ultimately processed and approved by a lender participant in SBA’s 7(a) loan program.
