MULTIPLE SBA LOANS?
I went the self funded route and bought a great company. Long term I'd like to acquire more, possibly in the same industry. I inquired about another company and was told by the broker that banks don't like to finance entrepreneurs who already have SBA backed loans. I contacted my bank and they said they'd consider talking to me in 1Q 2021 out of fear of me taking on too much too soon. Has anyone else run into this issue and how did you work around it?