Back Pay Tax Lender

March 14, 2025

by a lender in Las Vegas, NV, USA

I’ve got a borrower pre-approved for an SBA loan with a bank, with underwriting in progress. It comes out that the borrowers have taxes due that need to be paid down before we can proceed. Does anyone have any recommendations for lenders that can do $170-190k for my borrowers to pay off their tax liability so we can proceed with the original loan? Thanks!

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Reply by a lender
in Stuart, FL, USA

You can get with the IRS and set up an installment plan. If you have one in place, than per the SOP's you can get an SBA loan. That said, the deal still has to cash flow properly and, depending on how far behind you are and if the rest of your credit is messed up, a lender may still wish to pass on the deal. Ask your current SBA lender if you get an installment agreement in place, will they move forward as long as the DSCR still works out. Or, if you have equity in your home (even if you can't get a HELOC), you can get a Home Equity Agreement to pay off the IRS debt. There is no payment on the HEA, you just get a chuck of cash to use anyway you wish even with bad credit. The HEA companies share in the future value of your home. Try www.hometap.com Hope this helps.

Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

Unfortunately there are not any lenders that would do unsecured lending for paying taxes. I would suggest they use a home equity loan or find another way to pay their past due taxes. Unless they have other business assets or investment real estate with equity and cash flow they could pledge, I do not see anyone doing this unsecured. Sorry.

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