I have a plumbing company under LOI and I have an investor who lives in Spain who would like to provide me with the 10% equity I need for an SBA loan.

He and his wife are not U.S. citizens but would own 49% of the company. I am assuming that because they live overseas and aren't U.S. citizens that they won't be required to guarantee the loan? Does anyone have any experience with foreign investors and guarantees? Interested to learn whether they would need to provide anything other than the 10% equity.