Looking for a Business Loan?– Rocky Mtn. Loan Consultants, Inc.

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307-220-8818

Business must be located in the US

Business Loans, $100,000 to $5 million

SBA rates and terms, 7, 10, and 25 years

Refinance possible, business purchase

Equipment purchase, working capital

No broker fee

Ted R Nelson, President

Our company, our history

We started as Three Way Business Consultants in a suburb of Denver, CO in 2009. Our goal was to provide loan packaging services to banks and borrowers. Over time, customer needs changed, and we converted to a loan broker service, helping borrowers make connections with an SBA lender. We bought out other investors and changed our name to Rocky Mtn. Loan Consultants, Inc. Because Wyoming is home to Ted R Nelson, we moved from Denver to Cheyenne, WY in 2015.

Ted R. Nelson has served as the company president since inception. His background has been in the credit division of various lenders. Starting out in the personal loan division, then agriculture lending based on Ted’s background in ranching. He moved to the SBA Disaster Division for 8 years, then to the regular SBA in Denver, CO, for 6 years. Retired from the Colorado District SBA Office as Chief, Finance Division, where he supervised up to 6 loan officers. His formal education included graduation from the Colorado Graduate School of Banking at the University of Colorado, Boulder, CO.

SBA is commonly used in place of the correct term. The right term is the United States Small Business Administration guaranteed loan program. The SBA loan program is in cooperation with an approved lender, often a bank. The SBA will guarantee a portion of the loan to businesses that do not qualify for a business loan without the guarantee. SBA’s primary consideration is the ability to repay the loan over a generous time period. Other factors may be required depending on the particular loan request. SBA requirements are in an operating manual called the SOP, which is updated from time to time to reflect current economic conditions. The current SOP is almost 500 pages. Lenders’ credit requirements cannot be less than SBA; however, they can and often are higher, depending on the lender’s internal credit requirements. This is one reason we encourage applicants to talk to more than one lender.

SBA loans are used when the borrower is unable to obtain a business loan through normal channels. A portion of SBA loans are guaranteed by the US Govt. reducing the risk to the lender. Guarantees will vary from 50% to 90% depending on the type of loan, though 75% is the most common. Loans are restricted to businesses in the US because of this guarantee. The loans may be used for almost any reasonable business purpose. Working capital, equipment purchase, business purchase, and often refinance. Terms can be 7 or 10 years. If the loan is for a real estate purchase, then the term can be stretched out to 25 years. An applicant may have more than one SBA loan so long as the combined amount does not exceed $5 million.

As a loan broker, we are a loan finder for an SBA-approved lender. We do not loan money directly, and the lender does not use our analysis in a credit decision. We assist applicants in making connections with the SBA lender that is knowledgeable about the SBA loan programs. We will work with the borrower throughout the process to answer any questions the borrower may have. We do not charge the borrower a broker fee. Our fee is paid by the funding lender.

Loan Amounts

$500,000 to $5 million

Flexible Terms

7, 10, or 25 year loan terms available

SBA Interest Rates

Competitive SBA interest rates

No Broker Fees

No broker fee for borrowers

Expert Connections

Connecting clients to prime SBA lenders

Make your business grow with an SBA Loan, start now!!

To get the process started, we will need some very basic financial information. Use the contact form provided or just send us a note. We need basic information. Company name, address, and contact person. Loan amount needed to the nearest $1,000 and purpose. The use of loan proceeds can be for almost any reasonable purpose. Working capital, equipment purchase, business purchase, and in some cases, loan refinance. Note that a borrower may have more than one SBA loan so long as the combination of loans does not exceed $5 million.

Repayment terms are generally 7 to 10 years. For real estate purchases, the term can be up to 25 years. To give us a better understanding of the business, it would help if the applicant provided a current (within 60 days) profit and loss statement along with a balance sheet (financial statement). Keep in mind, this information is for our use only; the lender cannot use our analysis in the credit determination. For their own use, the lender will request the applicant to complete an SBA Loan Application form along with historical financial data, some of which may be a duplicate of data provided to us. Keep in mind, the current SBA rules state the lender must make their own credit determination separate from anything provided to us.

Once we have the basic information and the request appears to meet the SBA guidelines, we will forward the request to an SBA Preferred Lender.

Key issues to remember:

The business and principal owners must be located in the US. All non-US requests will go directly to our “junk box.”

We accept loan requests from $100,000 to $5 million.

We do not charge a broker fee for working with an applicant. Our fee is paid by the lender when the loan is funded. Feel free to contact us anytime at no charge. We do not loan money directly but refer applications to a preferred SBA lender.

Email (Best way to contact)

rkymtlc@outlook.com
TRN.WY@outlook.com

Phone (leave a Message)

307-220-8818

Address

Rocky Mtn. Loan Consultants, Inc. 701 Vandehei Ave Cheyenne, WY 82009-2552

Note: We only handle SBA loans. SBA stands for US Small Business Administration. Loans are guaranteed by the US Govt. Therefore, loans must be located in the US. All other requests go to our junk box.

Applicant request, check line for request reason:
___ General discussion of business needs and how to move forward
___ Basic financial information enclosed to determine basic eligibility
___ Other, will discuss when contacted by Loan Broker

Home Contact Form
Year-end data available

All information provided is for loan broker use only. If the request is forwarded to a lender, the lender will do their own analysis and may request the same data and information. They will not use analysis by the loan broker.

Note: As your loan broker, Rocky Mtn. Loan Consultants, Inc., will not be charging you a broker fee. All loan broker fees, by us, are paid at funding by the lender.

Send Us a Message

To request an application, any of required forms, just discuss an issue. (no charge)

Contact Page Form

Direct Contact Information

Reach out to us directly

rkymtlc@outlook.com
TRN.WY@outlook.com
307.220.8818 (leave message)
Rocky Mtn. Loan Consultants, Inc.
701 Vandehei Ave Cheyenne, WY 82009-2552

Please forward our information to anyone you know who needs a business loan.