Can't even get a $11,000 dollar loan
by sewdragondesign, Window Shopper
- Created: March 23, 2010, 1:45 pm
- Updated: March 24, 2013, 5:36 pm
We qualify for a SBA Patriot Express loan and can't even get one. The few banks who do handle them, dont want to put the paperwork for one thru. We have prime credit and have pretty much been shut out. I have been told it would be easier for me to get a $300,000 dollar loan for a business then for a $11,000 dollar loan. I totally feel that because my loan is small and would garner them less interest then a larger loan, they just can't be bothered to do it.
Because I cant get the equipment I need, I have actually as of today had to turn down a job for a customer, and have other customers waiting for me to upgrade for more business. The equipment would also help me to produce my product quicker. So my bottom line is hurting every day I do not have this machine. Yet I can not get a loan.
We have tried out regular bank, which is a national bank, we have tried a local small bank...all to no avail. Honestly the past two weeks trying to get this loan have been exhausting, has taken time away from my business, and has left me deflated, and hopeless.
Spinning my wheels in the mud and getting no where.
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