Prepping Personal Finances for SBA Liability

searcher profile

April 02, 2022

by a searcher in New York, NY, USA

Hi everyone - I’m close to submitting an LOI for a SaaS business. I will be leveraging an SBA Loan for 80% of the acquisition.

Has anyone here recently completed a similar acquisition (SaaS + SBA)? If so, I’d love to connect and discuss how you prepared your personal finances for taking on the SBA liability.

Thanks in advance!

P.S: Links yo resources or suggestions also welcome!

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commentor profile
Reply by a lender
from University of Michigan in Indianapolis, IN, USA
HI Rithesh- can you be a little more specific as to what type of guidance you seek? ie: How to structure home ownership so as not to have to pledge, or how more of:: how to put your best foot forward in terms personal leverage, liquidity, fall back liquidity.?
commentor profile
Reply by a searcher
from Birla Institute of Technology and Science in Kelowna, BC, Canada
Does SBA loan require personal guarantee ?
commentor profile
+4 more replies.
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