Main Street Lending to Acquire a Business

by an investor from New York University

3 years ago

I found a very profitable business and would like to find a way to acquire it using an MSL loan. Is there a creative way to do this?

For example, could the current owner apply for the loan then sell me his shares in the business? I know MSL has a prohibition against distributions to shareholders so how would the seller be able to get the cash for the sale of his business once the MSL loan proceeds are in the bank? There must be a creative way to get this done.  

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professional from Georgia Institute of Technology

Please email me at --@----.com

3 years ago | like reply | 0 likes

lender from Wofford College

Just as a PSA, the Fed stopped accepting applications for the Main Street Lending Program on 12/14, and it is unlikely to be renewed.

3 years ago | like reply | 0 likes

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