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    0 Replies Latest reply on Nov 12, 2008 2:15 PM by kennydavis

    BofA SBA lending guidelines for business open 2+yrs?

    kennydavis Newbie
      Wanted to find out if anyone has recieved a line of credit or loan from bofa through their sba department.
      I will be open 2yrs Dec23rd. Our Gross is 720k this year. I was told they will approve 10% of your gross for a line of credit?
      Any one with experience with dealing with a similar situation please reply. My credit score is crap because of maxed out high interest CCs but our business is doing great.

      Thank you in advance,
      Ken