SECC Closes a Small $210,000 SBA Debt Consolidation Loan Without Real Estate Collateral
October 18, 2016
This transportation company needed to consolidate high interest rate debt and payoff vehicle notes that were coming due on a substantial portion of its fleet. Since there was no real estate collateral availableĀ andĀ the loan size was less than $350,000, other SBA lenders passed.