A company was looking to buy some new equipment that would run around $300,000 located in Pinellas County, FL. They were looking for 90% financing.
When their bank passed on the loan they visited TibBlit.com. In around 10 minutes they found out that although there were no traditional lenders interested, there was an SBA lender interested.
A loan term was, a 10-year term loan with an interest rate of 8.25%. Estimated monthly payments were $3,680.
If you are looking for a fast, easy, and free way to shop for a business loan please give TibBlit.com a try!