In the process of acquiring a landscaping company. As part of the deal, my business partner and I are looking to assume ~$145k of outstanding SBA EIDL debt. According to a contact at the SBA, this is possible but one of three things can/will happen:

1: Note is called due upon transfer
2: 25% of the outstanding balance will be due upon the transfer
3: The loan will be assumed with no changes to rate and term

These are 3 very different outcomes that materially change the terms of the deal. The SBA rep says option 2 is most likely but not guaranteed.

Has anyone dealt with this type of situation?