Exited Searchers: SBA no longer has a maximum personal liquidity limit

For those who are fortunate enough to have a fair amount of personal liquid assets, the SBA has not been an option. The "old" rule said that if a personal guarantor had too much cash, they couldn't access the SBA program. Well, as of August 1st, that rule will sunset and there will no longer be any liquidity or wealth maximum for personal guarantors.

I've talked to more than one exited searcher over the years who wanted to use the SBA program for a specific deal, but couldn't because of this rule. In fact, I just spoke with one today who would not have been eligible if not for this rule change.

If you know of someone who fits this description, please let them know about the rule change, and please send them to me at Viso so I can give them top-notch white-glove service to match them with the perfect lender for them and their deal. redacted