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01/11/2021 Redacted Redacted

searcher Columbia University - Columbia Business School Rutgers-The State University of New Jersey-Newark/New Brunswick - Rutgers Business School

Is there any flexibility in the SBA for the spouse to be excluded from signing the PG?

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lender University of Missouri - Columbia - 01/11/2021

If the spouse is not an owner of the business they don't have to guarantee the loan. The only caveat would be if there is a lien placed on your home(s)/real estate that your spouse owns with you. In that case they would have to do a limited guarantee in the amount of the home equity. However if your lender is telling you that a spouse has to guarantee, that is something you should push back on.

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searcher Harvard University - Harvard Business School Princeton University - 01/12/2021

Don't buy a business without telling your spouse! LOL

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lender California State University, Sacramento - College of Business Administration - 01/13/2021

+ to Colin's post, I would add that if the outside spousal income is important to debt service or some other aspect to the underwriting, then that might be a strategy for getting the loan approved. But Colin has outlined the points well.

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