Sba Loan

people:

searchers

investors

intermediaries

lenders

lawyers

accountants

consultants

insurance

tasks:

getting started

see job postings

share your PPM

see my deals

read interviews

browse posts:

interview

getting funded

self funded

single sponsor

europe

deal making

bestof

traditional

industry news

tip for the week

corona

north america

operating

australia

women in search

networking

accounting and legal

case studies

asia

latin america

getting started

deal sourcing

africa

acquisitions

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?

0 likes 84 views 3 comments

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.

like reply | 2 likes

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

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

like reply | 1 like

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.

like reply | 0 likes

sign in to join the discussion

Searchfunder Session: Blitzlaunching Search Funds in New Markets

2021-01-21T17:00:00+00:00

Searchfunder MeetUp - UK Searcher Bi-Weekly Brainstorm

2021-01-22T16:00:00+00:00

Due Diligence Office Hours with Elliott Holland

2021-01-22T17:00:00+00:00

Searchers Mastermind Group

2021-01-22T17:30:00+00:00

Women in Search Happy Hour

2021-01-22T21:00:00+00:00

Searchfunder Ops Session: Special Guest Walker Deibel

2021-01-26T19:00:00+00:00

Searcher Success Story: Getting Funded During Covid

2021-01-27T19:00:00+00:00

Selling Your Business - A Buyer's Perspective

2021-01-27T21:30:00+00:00

Business Owners: Elevate: The Summit for Growing & Selling Your Business

2021-01-28T16:00:00+00:00

Searchfunder's BIPOC MeetUp: Preparing to be a Diverse CEO

2021-01-28T19:00:00+00:00

Searchers Mastermind Group

2021-01-29T15:30:00+00:00

Searchfunder Session: Using HubSpot for Your Search & Acquisition

2021-02-02T19:00:00+00:00

Searchfunder Session: Tales from the Trenches: Due Diligence War Stories

2021-02-03T19:00:00+00:00

S.O.S.: Leaving Corporate America

2021-02-04T19:00:00+00:00

Searchers Mastermind Group

2021-02-05T15:30:00+00:00

Searchfunder MeetUp - UK Searcher Bi-Weekly Brainstorm

2021-02-05T16:00:00+00:00

S.O.S.: Lessons from the Zombie Apocalypse

2021-02-09T19:00:00+00:00

S.O.S.: Searchfunder Ops Session: Avoiding Catastrophe with Carveouts

2021-02-10T19:00:00+00:00

S.O.S.: Post-Acquisition Financing

2021-02-11T18:00:00+00:00

Searchers Mastermind Group

2021-02-12T15:30:00+00:00

Searchfunder MeetUp - Self-Funded Searchers

2021-02-12T19:00:00+00:00

7th Annual Booth-Kellogg ETA Week

2021-02-16T15:00:00+00:00

Searchfunder Session: Funding, Funding, Funding

2021-02-16T20:00:00+00:00

7th Annual Booth-Kellogg Entrepreneurship Through Acquisition (ETA) Conference

2021-02-19T15:00:00+00:00

Wharton ETA Club Presents: Live Oak Bank

2021-02-23T18:00:00+00:00

S.O.S: Moneyball Recruiting Strategies for Small & Medium Sized Businesses in a Post-COVID Economy

2021-02-23T19:00:00+00:00

Legal Aspects of ETA Workshop

2021-03-03T18:00:00+00:00

SaaS Deals & Transaction Multiples

2021-03-31T05:00:00+00:00