Atlanta, February 1, 2023 /PRNewswire/ — Entrepreneurs in need of capital are doing better by securing loans to help launch new small businesses or expand existing ones. Atlanta Brokerage firms are part of the effort to make that happen.
McCoy Brokerage Service (www.mccoybrokerageservice.com) helped secure a total of 100 clients $150 million In 2022 business loans, the company reported this week.
Its success Small and Medium Enterprise Agency It was seen nationwide as some corporate funding returned to pre-pandemic levels. Overall, SBA reports that it delivered nearly. $43 billion Financing small businesses during fiscal year 2022.
“The SBA loan is the best loan we have right now,” he said. Elijah McCoy, CEO of McCoy Brokerage. “Many people can benefit from getting loans through the Small Business Administration. Those who aren’t ready for SBA loans will have to wait until they can get the loans they need.” You may be able to get a “bridge” loan. “
Understanding available loan opportunities and what lenders want can mean the difference between a successful or unsuccessful loan application, says McCoy.
“Different lenders target different types of investments in your portfolio, so it helps you know which lender is best for your type of business,” he says.
In 2022, he said his firm will focus specifically on helping secure loans for businesses in sectors such as restaurants, religious institutions, health care and childcare.
In this first quarter of 2023, McCoy Brokerage Service will also target new developers and large office buildings.
“When you’re looking for a loan for your business, it’s a good idea to shop around,” McCoy says. And even more so if you can find someone who understands your needs to work with.Ultimately, you want to match your objectives with the most appropriate lender. It is the most timely method.”
almost Elijah McCoy
Elijah McCoy CEO of McCoy Brokerage Service (www.mccoybrokerageservice.com), a company he founded in 2006. McCoy’s company works with companies across the country trying to secure funding. Many of McCoy’s clients are healthcare professionals such as doctors, dentists and pharmacists, but he has also worked with a wide range of people in other industries. He is a certified commercial loan expert and financial consultant.
SOURCE McCoy Brokerage Service