Access additional SBA $5M guaranty

lender profile

August 04, 2023

by a lender from California State University, Sacramento - College of Business Administration in Seattle, WA, USA

If you own an existing company and buying another in a different industry and separate NAICS code.

And you’ve used up all of your SBA GTY runway to help with next acquisition?

SBA now granting another $5M of gty if in a completely new NAICS code and industry.

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commentor profile
Reply by a lender
from California State University, Sacramento in Seattle, WA, USA
That’s our interpretation, currently. NAICS codes need to be completely different. I hesitated posting for a while cuz it just seems so outside the max gty rule that has been in place for so long. And no one’s really talking about it. Tracking down links and will revert. Hopefully there isn’t a retraction with another sba ‘clarification.’
commentor profile
Reply by a searcher
from Abilene Christian University in Dallas, TX, USA
^redacted‌ Does that change SBA's qualification & banks underwriting approach on being an "active owner" vs "passive or semi"? Or will most banks still prefer "active" regardless of the SBA updates?
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