Is there any way to structure a SBA 7(a) loan without a personal guarantee?
I am sure this has been asked before, but I am open to any and all creative or successful suggestions.
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by a searcher
from Harvard University - Harvard Business School
in Short Hills, Millburn, NJ, USA
in Short Hills, Millburn, NJ, USA
7mos ago
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by a professional
7mos ago
from University of Michigan in Detroit, MI, USA
from University of Michigan in Detroit, MI, USA
HI ^redacted, in short, no. And even if you pursue conventional financing, you'll likely have to put up a PG. Instead of fighting the PG, you should focus on mitigating risks. First and foremost, find the right business to buy. Conduct a thorough diligence process. And structure the deal to work in your favor (e.g., some component of the purchase price should be deferred and contingent on your success). Happy to discuss further if helpful. Feel free to reach out at redacted
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by a searcher
7mos ago
from Virginia Polytechnic Institute and State University (Virginia Tech) in Blacksburg, VA, USA
from Virginia Polytechnic Institute and State University (Virginia Tech) in Blacksburg, VA, USA
There’s no path to avoid a PG, SBA or conventional. You don’t see the PGs drop away until you get pretty darn big.
This is a if-you-can’t-take-the-heat kind of undertaking.
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