SBA loan and personal guarantee

by a searcher from Columbia University - Columbia Business School

3 years ago

Hi all, I have a target and SBA is an option, but are there any SBA loans without the personal guarantee? How can I structure to avoid the personal guarantee but still be able to borrow against the company's assets? Thanks.

4 likes
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7 comments

lender from California State University, Sacramento - College of Business Administration

20% + ownership has to personally gty. It’s just part of the SBA fabric so folks flocking to the sba 7a program for business acquisition 10 year term and low equity requirements and allowance of collateral shortfall know it’s the price of admission.

10 months ago | like reply | 1 like

searcher from University of California, Los Angeles - UCLA Anderson School of Management

To the best of everyone's knowledge, are the conditions stated above still in place today for those looking to finance via SBA? I've not read otherwise online but thought I'd reach out to the community. In my opinion, this is a major decision the searcher must make so I'm surprised there isn't more chatter about it prior to when the fundraise & search process begins.

10 months ago | like reply | 0 likes

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