Professional Business Loans
Providing you with the best financing options for your business
Providing you with the best financing options for your business
I give FREE consultations for business owners who need help and guidance. Strong professional skilled in all kinds of business loans. Helping small and medium size businesses secure financing with C loans, B loans and A loans such as MCA (Merchant Cash Advance) loans, 3 to 10 year term loans, SBA 7A and 504 using business assets, Equipment financing up to 6 years. Cannabis. Real Estate Owned (REO), Investment Properties, and Real Estate Transactions. Commercial property bridge financing, and other major private equity and debt financing for projects and companies.
For example, I obtained a $250,000 SBA 7A term loan for a client with a brain tumor. With a succession agreement, I was able to get them to waive the requirement for life insurance. I have a direct relationship with Managing Directors and CEO's of major lenders. I have been able to get SBA 7A loan prequals in as little as 15 minutes. As a SBA processing center, have submitted HUNDREDS of EIDL and PPP files. Dealt with any number of denial issues and have been able to get most resolved.
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 6% and up
@ Equipment financing up to 6 years
@ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Homeowner loan 2nd position- 15 year 8.99% no lien
@ Private money equity and debt for major investments $1 million and up.
We are experienced loan officers and direct underwriters that can fund just about ANYTHING up to $500+ million
Steve Benjamin
Professional Business Loans
Irvine, CA 92620
SteveProBiz@gmail.com
949-228-1050
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Whether you're just starting out or looking to restructure we've got you covered. Our mantra is: analyze, identify, advise, execute. Our mission is to create relationships, not transactions. Our promise is that we'll be there, as questions or issues arise, every step of the way.
I am a business lending expert that thrives on sharing experience and knowledge to help you make a success of your business. Our track record proves that clear communication and expert collaboration will boost your bottom line.
Business mentors are key—that’s why when it comes to client selection, we’re choosy. We want to give each of you the time and guidance you deserve. Whether you’re seeking a strategic alliance with the right partner or a special skillset or tool, call us today. Together we’ll create and refine your plan for success. We didn’t get there alone. And neither will you.
After 6 years in the industry, I decided to alter direction. Now, we share our passion by helping others. Our ramp up process is designed to empower your team and outfit them with the tools they need to succeed. Talk to us today about how we can support your growth, limit your turnover, and put you on a solid track to success and profit.
Our service includes a comprehensive consult to help identify gaps and opportunities for funding. We also offer a suite of quality loan/funding products that will help you get there quickly and smoothly. That’s how we ensure your success.
Here's what another broker submitted to his SBA bank:
Covid has had very little impact on our business. During the height of the pandemic, we did some deep sanitizing which was a profit center. Except for the hassles of dealing with contractors getting sick and having to deal with scheduling, operations have remained stable. We are currently billing 103 different clients. We operate as a contract cleaning company. This simply means that we have contracts and are billing one time per month for services. Cleaning schedules range from 1 service monthly to 365 day per year service. We are simply looking to consolidate the debt that we currently have. This will give us the flexibility to pursue additional contracts and continue expansion. We are currently bidding 5 different contracts. One of the contracts will be approximately $2600.00 per Month. Three of the proposals are small accounts that would be $275- $400 per month. If we can come to terms, one of the contracts would total $22000.00 per month. These are the contracts that I need financial flexibility to pursue. Our largest current contract is about $5900.00 per Month. One as large as $22000, will require me to lay out about $15000 before receiving the first check
Broker's SBA bank denied the loan due to debt ratio issues.
HERE'S WHAT I SUBMITTED:
We are seeking $350,000 in SBA 7A financing to: A. Consolidate business debt and reduce debt payments B. Obtain working capital to service current bids that are pending awaiting capitalization. We want to pay off $178,00 in 4 high interest business loans that have a monthly expense of $17,373. A SBA 7A at 6% will reduce this to $1,980 a month = saving us $15,393 a month. Note: We have several vehicles that are required for this industry - debt which is separate on the balance sheet and form 2202. We are in the process of submitting bids for several new clients. We need $150,000 in additional working capital for labor/materials/overhead to service this new business.
Client A $275 a month
Client B $400 a month
Client C $22,000 a month
Client D $2,600 a month
Client E $300 a month
Total new business bids: $25,5475 a month
projected increase in revenue
We are currently billing 103 different clients operating as a contract cleaning company. Covid has had very little impact on our business. During the height of the pandemic, we were performing deep sanitizing so operations grew in sales and net income.
Total revenue for 2021: $1,025,000
Net income: 126,854
Depreciation: 51,500
Net income w/o deprec. 178,354
Total revenue for 2020: $761,109
Net income (437)
Depreciation: 138,672
Net income w/o deprec. 138,235
Total revenue for 2019: $461,435
Net income: 12,825
Deprec: 104,591
Net income w/o deprec 117,416
We have two SFR real estate properties and 1 ten acre of land with equity in all to collateralize this loan. Fico is a bit below 660 due to a recent purchase of several trucks and use of company credit card equity to help some employees.
File was denied by another broker's SBA lender due to DTI issue but the submission combined vehicles with business loans.
We received an approval for $350,000 but after underwriting, got final at $250,000. However my lender (largest non SBA lender in the US) said after 2 - 3 months of payment history, they would give him another $100,000 for a total of $350,000 under the SBA 7A.
$350,000 6% interest 10 year term
From Marcel, at Leo Capital...
From Nadia at LEC Funding
Steve Benjamin is a real Professional Loan Officer....he knows more about loans than anyone I have ever met in the 15 years I have been in this business. He ALWAYS looks out for the best interests of the client to get them the best loan product for their business
From Jeff at Netlifelegacycapital...
I have worked with Steve on several deals for my clients with excellent results! His knowledge and experience are second to none. For what it is worth, I recommend him to help you get your deals approved and funded. His expertise and advice have helped me fund deals that I was unable to get funded on my own. Thanks, Steve!
From Johanna at Jem Funding Group
We had an equipment finance deal that was very difficult to get approved, and Steve came through and got it done! It was an old truck (2015) with a lot of mileage and he was the only one that could get an approval. Just wanted to shout out Steve for getting a tough file done!
From Shaun Smith at BIC Solutions
"Steve is a good listener, asks the questions and then he shares some pretty solid advice. He is my go to guy. "
From Gilbert at G2E Funding
Steve and I are working together on some deals as well and he was able to secure a RE deal that no one else was able to get approved - great guy
From Sean Hawley at Bright Light Funding
Just want to give a shout out and an ringing endorsement to Steve Benjamin aka Older Guy (on Daily Funder)
I found Steve via his many helpful posts on DF, and after trolling the feeds for a while, rang him up one afternoon to see if he could help me place a difficult deal.
That was about 2 months back, and I have developed a great relationship with him since then. He has been my go-to wingman (or more accurately- I have been his) on several deals for my clients. My company works exclusively with truckers, which is are not the easiest deals to get done (as we all know). A lot of people in the lending industry don't even give truckers the time of day, but Steve works his ass off trying to help these people. Half the time I don't even send deals to my own processor- I just send them over to Steve.
Besides the fact that I don't know when the guy even sleeps (he is seemingly ALWAYS available), he is one of the most honest and caring people I've met in a lonnnggg time.
I know it's easy to be cynical of people's intentions in this industry, and even on this board, so I wanted to take a moment to recognize someone who's doin' it right and doin' it well. For every hundred guys who post 'I can fund this deal send it to me' (without even looking at it) every time a deal hits the Deal Bin, there are one or two who actually try to be helpful to the OP and/or the client. Steve is one of them.
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