In the current market conditions, what are the general guidelines for recapping a 7a loan into a product without a personal guarantee? I've heard a minimum full year of ownership and $2m in EBITDA for some lenders.
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If you are looking to refinance without the above and expecting a non-recourse loan, I think the chances are low. There are some non-bank lenders that might offer non-recourse options, but you are going to likely have a much higher interest rate. Also, typically speaking conventional bank financing and even some non-bank financing options likely will not provide the same loan term of ten years you get with the SBA 7A loan. I hope this information helps.