SBA for Non Residents

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from Murdoch University
in Chicago, IL, USA

3yrs ago

SBA for Non Residents

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 :)

0 Likes

182 Views

reply by a searcher 3yrs ago
in Asheville, NC, USA

If he is a green card holders it should not been an issue. I am unsure if he needs to show at least 3 year of Tax Return as a green car holder. Any lender should be able to tell you fairly quickly. We have used Live oak bank. Wishing you luck

reply by a lender 3yrs ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

The rules on this can be very confusing so I will try my best to simplify it. In order to use an SBA 7A loan to buy a business in the United States you must be a US Citizen or a permanent US resident. If you are not a US Citizen, then you can participate in an SBA 7A loan so long as 51% or more of the company is owned by US Citizens. So if you and a partner are looking to buy a business and your partner is not a US Citizen but you are, then you would need to own 51% or more of the business to qualify for SBA financing.

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 redacted