Does An Sba Loan Require An Annual Cash Sweep?

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12/10/2020 Redacted Redacted

searcher Arizona State University - W. P. Carey School of Business Bowling Green State University Harvard University - Harvard Business School

DOES AN SBA LOAN REQUIRE AN ANNUAL CASH SWEEP?

I have heard that SBA loans require an annual cash sweep, but in my searching on the internet and the SBA website I have not been able to find any information about this. Does anyone know more?

Thanks

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admin Massachusetts Institute of Technology - MIT Sloan School of Management Taylor University Stanford University - Graduate School of Business - 12/11/2020

^[redacted]‌ - There are several Searcher friendly lenders under the Directory at the top of this screen. Here is the direct link: www.searchfunder.com/user/list/lender. Tagging a few who can answer your question about an annual cash sweep. ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌,^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌,^[redacted]‌ (To our contributors, THANK YOU for making Searchfunder a helpful and collaborative community. We appreciate it! ^[redacted]‌).

^[redacted]‌ also knows the answer to this question.

like reply | 1 like

lender Michigan State University - The Eli Broad College of Business - 12/11/2020

No sir

like reply | 0 likes

lender Michigan State University - The Eli Broad College of Business - 12/11/2020

Meaning, no they don't require.

like reply | 2 likes

lender University of San Diego - 12/11/2020

Heard from whom? Not required.

like reply | 1 like

lender - 12/11/2020

No excess cash sweeps are required for SBA loans. Most are structured with 10 year straight line amortization.

like reply | 1 like

searcher University of Washington - 12/13/2020

Check out www.cerebrocapital.com they find lenders including SBA Dept. of Agriculture, etc.

like reply | 0 likes

searcher Northern Michigan University Central Michigan University - 12/13/2020

Can you define "cash sweep" or "excess cash sweep"?

like reply | 0 likes

lender University of Texas at Austin - 12/15/2020

Cash sweeps are not required for SBA loans,

like reply | 0 likes

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