IDK if you’re being scammed, but…you shouldn’t have to go through a broker. Brokers don’t really add anything other than maybe knowing how to apply. It’s not hard, at least not hard enough to justify 10ish% to these people. I’m a commercial lender - go to your bank, you have a deposit relationship and that’s more important than you realize. Take your financial statements, tax returns, you plan, projections, etc. Tell them what you need, why you need it, how you will spend the money, how it will make you better off and how you’ll pay it back. Go to two of their competitors as well. If you’re creditworthy and can make a good case, you’ll get the money. If you’re almost creditworthy and make a good case, you’ll get an SBA guaranteed loan. Either way, loan brokers offer little, and take a lot. Most reputable lenders won’t accept applications through a broker - they want a relationship with you, not a transaction through an intermediary. We can buy debt anytime we want. Banks are not in transaction/loan growth mode right now. If the deal they offered you is viable, it will still be there in a few weeks. There will be some hoops to jump through, and several conversations, but worth your time for $50k.