SBA LOAN: DOES A SPOUSE ALSO HAVE TO PROVIDE A PERSONAL GUARANTEE?

Assuming a spouse has no equity stake in the business, will an sba loan require a personal guarantee from both the entrepreneur and his / her spouse? I understand that this might have to be examined on a case by case basis and a lot will depend on things such as the value of the entrepreneur’s assets, his / her credit history, as well as the assets that the relevant business will own (and hence can be encumbered) but any input from people who have had to deal with this in the past will be greatly appreciated (for simplicity, I’m assuming an asset light business i.e. no material assets to place as collateral and an SBA loan of no more than $5m).



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