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).
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
380 views
16 comments
Sign in to see all replies.
Create an account.