Does SBA or lender talk directly with the seller?
I'm curious whether the lender and/or sba ever reaches out directly to the seller with questions during the underwriting process?
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by a searcher
from University of Texas at Austin
in Austin, TX, USA
in Austin, TX, USA
3mos ago
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by a lender
2mos ago
from Florida Atlantic University in Boca Raton, FL, USA
from Florida Atlantic University in Boca Raton, FL, USA
I have never see this in underwriting. There may be questions for the seller or CPA, but I have not seen an SBA lender reach out directly to the seller. There is a lot of liability exposure if they did this, If they were responsible for jeopardizing for example.
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by a lender
2mos ago
in Falmouth, MA, USA
in Falmouth, MA, USA
Lenders don’t typically talk to sellers. They work through buyers and their advisors. There is a high level of confidentiality in the lending process, and sharing details directly with the sell side can compromise the buyer’s position.
Debt advisors like us will step in with the sell side when needed. To move negotiations, get clear information, and keep the process moving.
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