Refinancing out a seller with a SBA Loan

by a searcher from Harvard University - Harvard Business School

3 years ago

Has anyone ever refinanced out a seller note with SBA financing? Does the SBA view refinancings differently than acquisitions? The current environment is proving tough to get a SBA loan done so we're considering having the seller hold a 100% note and re-engaging with banks###-###-#### months from now. Would welcome all thoughts on this - thanks!

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10 comments

searcher from Harvard University - Harvard Business School

Understood, thanks Bruce

3 years ago | like reply | 0 likes

lender from Nova Southeastern University

Just to be a little bit more clear, 24 months of actual payments!. If the loan were on Standby and no payments made, you would then need to wait of course until you can show 24 months of on time payments!

3 years ago | like reply | 1 like

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