SBA LOAN - HOW TO REMOVE PG (PERSONAL GUARANTEE) OVER TIME?
I'm closing a $4m deal in a few weeks using SBA loan. Has anyone been successful at removing PG after a few years of solid operating performance? If so, how did you do it (recap with traditional loan, etc)? Do I need to structure anything upfront or is it something you can re-negotiate with bank later down the road? Thank you for your insight!