RECOMMENDATIONS FOR SBA 7A LENDERS ALLOWING 10% EQUITY
Hey Community of searchers and lenders - We're looking for recommendations for lenders who can lend SBA 7a loans covering a 90% loan to value ratio.
We're self funded searchers close to signing an LOI with a company selling for 3-4x at a ~5m purchase price and the LOI doesn't have a seller note included. Clearly given the dip in the stock market has made us less willing to liquidate more of our funds to fund a 80% loan to value ratio and we've done the calculations and the company can support a 90% loan to value.
Searchers - Can you share any banks which have completed a 90% LTV funding, which seems to be the minimum threshold for SBA given the requirement for the new owners to bring 10% equity? Super appreciative for any and all recommendations
Lenders - Can you please reach out to us [redacted] if you can confidently underwrite a loan with a 90% LTV that meets all other requirements such as the interest coverage ratios.