When I was connected to a tier 2 representative yesterday she informed me that they do look at that information after we kind of hit it off. Previously we were both loan officers in the mortgage business so I feel... (More)
SBA Disaster Loans207 followers87 questions148 posts
207 followers
87 questions
148 posts
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SBA Disaster Loans
No. they look only at gross revenue and cost of goods sold as a measure of net operating expenses (which is asinine and totally gameable, but whatever). They will give you a loan for max($150,000, (revenue-COGS)/2).
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