Avoid SBA Loan Delays

by a lender from North Carolina State University - Poole College of Management

1 week ago

The SBA 7(a) financing process involves several crucial steps...
Two common roadblocks in SBA business acquisitions are life insurance and landlord negotiations.
Life Insurance: The SBA often requires a life insurance policy for the borrower. Start the application process ASAP to handle medical exams, underwriting, and paperwork without delays.
Landlord Negotiations: Securing lease transfers or getting landlord consent can be time-consuming. Engage with your landlord early to help them understand the requirements and to obtain necessary approvals.
Address both of these as early as possible to keep your closing on track.

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searcher from The Tulane University of New Orleans

Thanks for sharing, Mihir

1 week ago | like reply | 1 like

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