Looking for Non-SBA funding Options

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by a searcher from The University of Chicago - Booth School of Business
in Rochester Hills, MI, USA

4mos ago

Looking for Non-SBA funding Options

Hello everyone, I’m exploring non-SBA financing options that require no more than 10% down and don’t involve equity sharing. I’d appreciate any suggestions.

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reply by a lender 4mos ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

^redacted‌ thank you for the recommendation. I do appreciate it. Unfortunately the only lending programs providing the ability to get away with as little as 10% down is the SBA loan programs. Conventional and non-bank lending options are going to require significantly more equity, seller roll over equity or seller notes. I am sorry. The loss of the SBA 7A loan program for non-US citizen buyers is going to hurt many buyers. I really wish they had not pulled that provision away.

reply by a searcher 4mos ago
from Florida Institute of Technology in Salt Lake City, UT, USA

There’s nothing quite like having the government backing the deal if the buyer can’t repay the loan, that’s why banks are much more comfortable lending. In theory, a 10% equity injection can work when someone with assets exceeding the loan amount personally backs it, but that’s rare and difficult in practice. Conventional loans are usually the next best option. The buyer puts in 20–30%, the seller carries 10–30%, and the bank finances the remainder, depending on the business’s risk profile. So the short answer is that there’s no straightforward path here and in many cases, those with the capital have more flexibility to sidestep these issues.