Diamond Financial Services collects a $1,000 application fee when the borrower has submitted all of the information needed for us to begin screening for a term sheet. In most cases, this includes an executed Letter of Intent for the purchase of a business. If we are unable to obtain a term sheet from one or more of our lending partners, we return the application fee to the Borrower.
The application fee is the only fee we collect from a client.
Prior to the issuance of a term sheet, the application fee is 100% refundable. This applies to scenarios where we may not be able to obtain a term sheet, or in the event the Borrower terminates the application. Once a term sheet is issued to the Borrower, whether the Borrower moves forward with the term sheet or chooses to look for other options, the application fee is non-refundable.
- Loan consultation and feedback throughout the financing process, from the initial LOI to closing, including our assistance in the proper preparation of your PFS (personal financial statement) and resume
- Assistance with, review, and adjustment of your business plan
- Assistance with, review, and adjustment of the financial projections for your new business
- Professional presentation of loan documents to our preferred SBA lenders
- Work with lenders towards loan commitment, answering questions, etc
- After loan commitment, work with you and the lender on all documentation needed by the lender’s underwriting and closing departments
- Work with all parties to insure a successful loan closing and funding
We close 94% of our accepted loan requests and provide a “yes” or “no” answer within 3 days, guaranteed.
Yes, we pay referral fees. We pay a 1% referral fee based on the notional amount of the loan not to exceed 50% of what DFS collects.
Diamond Financial Services has focused exclusively on SBA financing since inception and has closed more than $1 billion in SBA transactions. While SBA lending represents only a small portion of most banks’ portfolios, it is the sole focus of our business.
One of the nation’s largest SBA lenders has shared that fewer than 29% of SBA loan requests they receive are approved, leaving many qualified buyers without financing. Our role is to improve those outcomes through proper deal structuring, accurate lender alignment, and a deep understanding of SBA requirements.
National lenders regularly rely on Diamond Financial Services for guidance on SBA rules and transaction-specific considerations, reinforcing our position as a trusted resource within the SBA lending community.
Above all, we prioritize a superior client experience. By successfully closing 94% of the transactions we engage on, we help brokers and buyers move deals forward with confidence and clarity.
- Consistent, positive results
- 94% success rate
- Competitive referral frees
- Answers within days, not weeks, guaranteed!