Any good non-SBA loan alternatives?

by a searcher from Dartmouth College - Tuck School of Business at Dartmouth

1 month ago

Hello Searchfundr community, looking for any insights / guidance on navigating financing when SBA loans aren't an option in the U.S..

The problem:
- I'm not a US citizen / green card holder so SBA is not an option for me. I'm looking for any lenders/loan types that you may be aware of that can be next-best substitutes.

Alternatives I'm aware of:
- Get a 51% U.S. citizen partner and qualify for SBA. However, I'd like to avoid this as much as possible considering they would also need to PG the loan and I want to avoid putting friends & family in that spot
- Seller notes: Will leverage but may not cover bulk of the amount

Thanks for your help!

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searcher

Hi ^Searchfunder member‌, would be glad to get in a conversation as me and my partner are entering Middle Market field transaction wise. We have currently structured it 51%-49% in his favour due to SBA guidelines. If you have insights, super interested in hearing them.

1 month ago | like reply | 0 likes

lender from Universidad Católica Andres Bello

thank you Luke for the tag. Montaseer more information is needed to make an assessment you not being a US Citizen doesnt automatically take you off the chart. I have done many commercial middle market loans where we rely very little or non at all on the citizenship status or principals at all. I'd love to chat about it and maybe find a solution. Currently I am in the C&I middle market space in Florida. I cover the state.

1 month ago | like reply | 0 likes

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