B&I Loan vs. SBA (7a) Loan

searcher profile

July 31, 2018

by a searcher from Massachusetts Institute of Technology - MIT Sloan School of Management in Atlanta, GA, USA

Can anyone connect me with a lender who knows both of these options in detail and could do a deal in Florida? If not a lender who knows both - a lender who knows about using a USDA Business and Industrial loan for a small business acquisition?

I've confirmed that the business would qualify for a B&I loan given it's zip code. My limited understanding is that a B&I loan can have a maximum term of 30 years, and an 80% government guarantee. The catch being the tangible balance sheet equity requirement - which I don't fully understand - but the implication seems to be that the equity portion of the deal would need to be larger than with an SBA loan.

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Reply by a searcher
from Thomas A. Edison State College in Cincinnati, OH, USA
William, message me and we can discuss. I am a commercial banker and can get you the information you are looking for as well as do the deal in Florida.
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Reply by an investor
from University of Virginia in Tampa, FL, USA
We know a few that should work--email me and I'll make some intros (I messaged you my email address)
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