BBB Business Review
BBB Accredited Business since
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Business Expansion Lenders, LLC helps in arranging $250,000 to $15,000,000 in SBA loans for established, credit qualified businesses, typically with at least a 3-year history. They specialize in owner-occupied business property such as office space, retail space, warehouse facilities, restaurants, commercial condos and strip malls. Their 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. Their 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.
The Process: Step 1: Client completes and submits the Pre-Approval Credit Application to the business. Step 2: Once pre-approval is determined a Letter of Pre-Approval is sent to the client (normally within 24 hours) with a detailed terms proposal. Step 3: With the pre-approval letter will be a second checklist of additional documents necessary for their lender to fully evaluate the request for financing. Step 4: These additional documents and client commitment will then allow the business to turn the 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 13 factors. Get the details about the factors considered.
Factors that raised the rating for Business Expansion Lenders, LLC include:
- Length of time business has been operating
- No complaints filed with BBB
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Type of Entity
Limited Liability Company (LLC)
Business ManagementMr. Steve Westmoreland, Owner
Loans - Small Business Financing