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Meet Burke Purcell

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Ready to get started?

After nearly 20 years of banking experience, I launched LoanBud, A Division Of BayFirst, a national lender specifically designed to meet the needs of the growing community of business owners, freelancers, and entrepreneurs.

LoanBud offers Small Business Administration (SBA) loans to business owners.  LoanBud FlashCap™ SBA Loans provide up to $350,000 in an little as two weeks.  Funds can be used for working capital, equipment, inventory debt refinance and more.  LoanBud BOLT™ SBA Loans are our fastest loan yet and provide up to $150,000 for working capital in days, not weeks, with a streamlined process and reduced documentation requirements.

We provide up to 100% financing for SBA 7(a) loans used for the purchase of owner-occupied commercial real estate, up to a $5 million loan amount.  SBA 7(a) loans can also be used to purchase an existing business or franchise, buy out a partner, or purchase a book of business, all with as little as 10% down.

As an SBA Preferred Lender Partner (PLP), we have the authority to make credit decisions unilaterally, bypassing the SBA and saving weeks of processing time.

We offer SBA loans in all 50 states and utilize cutting edge technology to ensure an exceptional borrower experience.

LoanBud is a division of BayFirst Financial f/k/a First Home Bank, a Federal Reserve member and a state-chartered banking institution NMLS ID 806183.

Ready to get started?

Ready to get started?

Our SBA Loan Programs

Fast-Funding
LoanBud BOLT™ SBA Loans

LoanBud BOLT SBA loans are our fastest loans yet, providing up to $150,000 for working capital in days instead of weeks.

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100% Financing Commercial Loans

Purchase owner-occupied commercial real estate up to $5 million with no money down using SBA 7(a) financing.

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Business Acquisition Loans

Acquire a business or franchise, buy out a partner, or start a business with as little as 10% down and favorable terms.

FlashCap SBA Loan
LoanBud FlashCap™ SBA Loans

LoanBud FlashCap SBA Loans provide up to $350,000 for debt refinancing, equipment, inventory & working capital.

Doing Business with Burke Purcell
Is as Easy as 1, 2, 3...

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SCHEDULE A CONSULTATION

Schedule time on my calendar to discuss our SBA referral partner opportunities.

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GET ADDED AS A PARTNER

Complete a referral partner profile to become an approved referral partner.

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START SENDING DEALS

Start referring SBA loans and earning commissions.

FAQ's

What is the LoanBud Bolt™ SBA Loan?

Most business owners know that cash is the fuel that grows a business. Our LoanBud Bolt SBA Loan is an easy way to fund a growing business with an expedited loan of up to $150,000 and favorable terms. LoanBud Bolt SBA Loans can be funded in as little as 7 days from the receipt of the completed application. LoanBud Bolt SBA Loans offer a 10-year term and most interest rates are currently 7.50%, instead of the double-digit rates that alternative lenders provide. You may be a good candidate for a LoanBud Bolt SBA Loan if you want to:

  • Buy inventory
  • Refinance debt
  • Gain working capital
  • Get cash for receivables that haven’t been paid
  • Buy small equipment
  • Need cash but don’t want to pay double-digit interest rates


Have a question about how you can use a LoanBud Bolt SBA Loan? Schedule a consultation to receive your personalized analysis.

What Are The Requirements For LoanBud Bolt™?

You're a good candidate if:

1) Your business is in operation for at least 2 years
2) You have a 680+ FICO
3) Your business has $150k or more in annual revenue

If you have questions about the required documentation, schedule a consultation to receive a personalized review.

How does your SBA Preferred Lender Program (PLP) status benefit me?

Our PLP status allows us to bypass the SBA and make credit decisions internally, which can save you weeks of processing time. Since we have the authority to make our own credit decisions, we can get you an answer quickly and won't drag you through the mud.

What Documents Do I Need To Provide?

There are several documents you will need to provide when applying for an SBA loan:

  • Personal Background and Financial Statement
  • Business Financial Statement
  • Business Certificate/License
  • Loan Application History
  • 3 Years Income Tax Returns
  • Resumes
  • Business Plan Overview and History
  • Business Lease

We understand that applying for an SBA loan can be overwhelming, which is why we will guide you through every step of the process and help properly present your loan request. Schedule a consultation with Burke to review your documentation and make a plan.

Contact Burke

Office: (484) LOAN-BUD ext 401
Mobile: (443) 695-5320
bpurcell@loanbud.com
NMLS#177557

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