EIDL Loans over $500,000 | Cash Flow Analysis | Is YOUR Loan Officer Capable?

Описание: For EIDL Loans over $500,000, they are mandated by congress to analyze cash flow on the 2019 tax return in order to adequately SERVICE THE DEBT.

EIDL loan amount formula is GROSS REVENUE MINUS COGS = GROSS PROFIT x 2 or in other words, 24 mos working capital. BUT, THERE'S A CATCH, for over $500k, if they don't feel there's enough cash flow, will they just decline the loan or can the Loan Officer make a counter offer on an amount they're justified in lending?

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💥 WHO WE ARE:
Trevor retired from Mortgage Banking in 2018. He brought the standards he developed in his mortgage financing career along with his customer service background with the once famous "Crazy Eddie" retail chain to assist business owners and entrepreneurs manage the day-to-day doldrums when it came to securing business financing before & during COVID.

In 2017, Linda Rey exited the insurance business and with Trevor, we launched Aurora Consulting, a Commercial Financing Brokerage to help entrepreneurs expand their enterprise with unique, cost effective business financing solutions.

When the pandemic hit, the business shut down as Lenders scrambled with the Paycheck Protection Program (PPP).

As true entrepreneurs do, Linda Rey and Trevor pivoted and sought to help business owners learn the fundamentals about business financing and how to apply for the SBA’s Economic Injury Disaster Loan (EIDL).

They had enough experience with how to apply for a business loan, so their knowledge helped to enlighten business owners who were navigating the very confusing EIDL process.

Aurora Consulting developed a national reputation assisting business owners all over the country and helped to secure over $70 million (that we know of) in disaster funding for small business owners.

Now we counsel when we can on our YouTube Channel to update business owners, applicants and borrowers how to secure business funding.

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