BBB Business Review
BBB Accredited Business since
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Business Expansion Lenders, LLC will assist you in selecting the right financing that will allow you to continue building a solid foundation for the future of your business. Our business lenders help in arranging $250,000 to $15,000,000 in SBA loans for established, credit qualified businesses, typically with at least a 3-year history. We specialize in owner-occupied business property such as office space, retail space, warehouse facilities, restaurants, commercial condos and strip malls. Our primary lending focus is on, but not limited to, SBA loans for businesses looking to build, purchase, or expand their business location, while continuing to occupy at least 51% of the property. Our lenders provide financing up to 90% of total costs (purchase price, improvements, construction costs, closing costs, equipment, soft costs), with fixed and/or variable rates, and terms up to 30 years.
Other Options: If our standard SBA loans lender programs are not the appropriate resource for your specific need, we can assist in securing funding for non-real estate or other types of business transactions.
The Process: Step 1: Client completes and submits our Pre-Approval Credit Application to us. Step 2: Once pre-approval is determined by our business lenders, a Letter of Pre-Approval is sent to the client (normally within 24 hours) with a detailed terms proposal. Step 3: With your pre-approval letter, you'll receive a second checklist of additional documents necessary for our lender to fully evaluate your request for financing. Step 4: These additional documents and your commitment will then allow us to turn your Letter of Pre-Approval into a Letter of Commitment.
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A BBB Accredited Business since
BBB has determined that Business Expansion Lenders, LLC meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.
BBB accreditation does not mean that the business' products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business' product quality or competency in performing services.
Reason for Rating
BBB rating is based on 16 factors. Get the details about the factors considered.
Factors that lowered the rating for Business Expansion Lenders, LLC include:
- Length of time business has been operating
Factors that raised the rating for Business Expansion Lenders, LLC include:
- No complaints filed with BBB.
- BBB has sufficient background information on this business.
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Type of Entity
Limited Liability Company (LLC)
Business ManagementMr. Steve Westmoreland, Owner
Loans - Small Business Financing