Hi SearchFunders,
My partner and I are interested in acquiring a business but he is from England and not a US citizen. I am wondering what rules the SBA has for acquiring businesses with Non Citizens. Is it possible to do? I'd love to hear other people's experiences.
Thank you :)
SBA for Non Residents
by a searcher
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We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
Although you can do a deal with 49% of the business owned by a non-US citizen, please keep in mind lenders are going to underwrite the risk associated with one of the owners not being a US Citizen. If that person has all of the expertise as an example, they might deem it a higher risk transaction. However, with that said we have done numerous deals where a portion up to 49% of the company is owned by non-US citizens and have found lenders willing to do those deals. I hope this helps to clarify. If you have any additional questions you can reach me here or directly at --@----.com