HELOC for SBA Approval

by a searcher from Texas A&M University

11 months ago

I am considering getting a HELOC for SBA approval to purchase a service business.  Anything to watch out for or pitfalls I should be aware of before I go that route?

6 likes
257 views
18 comments

lender from The University of Michigan - Stephen M. Ross School of Business

#LisaForrest 100% correct (as usual). Lender should not require funds from this source to be seasoned.

4 months ago | like reply | 0 likes

searcher from Florida State University - College of Business

It may depend on the bank. I hear some will allow funds from a HELOC and others say the money must "season" for 60 days before it can be used.

7 months ago | like reply | 0 likes

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