AEX Commercial Financing Group
Avoiding Online Business Loan Applications
Our precautionary advice about the increasing use of online commercial financing applications:
AEX Commercial Financing Group STRONGLY advises commercial borrowers NOT to complete an online business finance application.
Online business loan applications are designed to encourage commercial borrowers to provide confidential information to a lender before it is appropriate to do so. Our perspective is that a commercial borrower should not submit an application (online or otherwise) until after the borrower has a lengthy discussion with an experienced commercial lending advisor to determine that a commercial loan is appropriate for their specific business situation.
We
would be happy to discuss this potential business financing problem in
further detail with business owners and prospective business borrowers. Because we consider the avoidance of online business finance applications to be so important for businesses, AEX has published a special report on this topic.
Refinancing an SBA Loan
Because AEX specializes in
complex Small Business
Administration (SBA) loan refinancing and other difficult business loan situations, we insist on having direct communication with
the business owner during the initial stages of the business financing process. Borrowers who need help with difficult commercial loan situations should contact AEX Commercial
Financing Group for the earliest possible assistance and advice. As
with other AEX services, SBA Loan and Refinancing programs are available
only to commercial borrowers - business owners and their accounting - legal - business advisors and NOT residential loan or commercial mortgage brokers.
The most problematic business finance scenarios for many commercial borrowers will be the refinancing of an SBA loan or getting the initial Small Business Administration loan. SBA Loan refinancing in particular is almost always a difficult proposition. New business loan programs have dramatically improved SBA commercial mortgage and business opportunity loan refinancing restrictions.
