I am trying to get a loan for a franchise startup business and have run into a few obstacles. The project cost is approximately 225K. I have spoken to several banks about an SBA loan and each have different issues with the loan. My credit is very strong (720+) and I have approximately 30% equity for the project. I have all SBA forms, business plan and profit/loss projections readily available. Please contact me via email if interested.

Beenprince:

Most of the lenders that frequent my site are commercial real estate lenders. Some of the others {like myself}, are years removed from doing small business loans. However, I can give you the following feedback:

1- It would help if you provided additional information.

2- Knowing the concerns that the bankers, which you have contacted would be good.

3- The loan guaranty which SBA provides should mitigate to a great extent those concerns.

4- Good credit score, adequate equity contribution {if it is cash, then it is better}.

5- Banks do not finance startups, unless something like an SBA guaranty is in place.

That is it for now.