The Erb Group
Jack A. Erb, Principal
800-890-0743
fax -890-0743
965 Hayloft Ct
PO BOX 370
Marshall, WI 53559
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The Erb Group works in concert with the SBA (Small Business Administration). We represent Non-Bank Banks and Investment Banks, those left after the meltdown and private money. We are very familiar with MLM companies and know which ones to avoid and have criteria for choosing the best one for you, if that is your choice of business.
We originate and close SBA Loans for the secondary market. |
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| The SBA (Small Business Administration) 7a loan program up to $2,000,000.00 for real estate and Equipment and Working capital. The SBA Loan Program with the 504 designation is a second mortgage provided by the SBA with a 20 year lock on the rate and a 20 year term. This SBA Loan program can be used to fund real estate only for up to 90% Loan To Value as long as cash
flow can support the payment. A CDC (Certified Development Company)must participate along with the primary Lender. That Primary lender is usually a Bank or Non-Bank Institutional lender. We represent Banks and Non-Bank institutional Lenders. |
| We represent Non-Bank Banks that are designated SBA PLP Lenders. That means that they can approve the loan themselves with out the loan being sent to the SBA for Approval. This speeds up the approval process. Many smaller Community Banks are not PLP Approved and take the
Application and then it on to the SBA for Approval and review. This takes a lot more time. Say 30 to 60 days more. We have been originating SBA loans for more than 20 years and know what we are doing. |
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