Can I get SBA (7a) loan as non-resident alien?

by a searcher from INSEAD

2 years ago

Preliminary investigation:

Dear SF community, as an Alien (Swiss), not in USA, would setting up an LLC allow me to get a SBA (7a)  to acquire a business?
or Would getting an entrepreneur Visa allow me to get a SBA? (Target is SBA prequalified and rev+CF  "may support visa"?

If a SBA is not available could somebody please point me in the direction of banks that would support Factoring and loans against assets for an LBO I would like to consider in Florida?

Thank you.

Regards Marcel
#funding

1 like
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5 comments

lender from Clemson University

You can get an SBA loan but you need to get clearance from the SBA first. I don’t do SBA loans but I’m sure someone on here has done it.

2 years ago | like reply | 3 likes

lender

Hi Marcel, In order for a business to be SBA-eligible, 51% or more must be owned by either US Citizens or green card holders. The SBA won't accept a Visa of any kind for this rule, unfortunately. We also provide conventional loans for acquisitions provided the company has a minimum EBITDA of $1.75 million.

2 years ago | like reply | 0 likes

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