SBA Loans

searcher profile

February 14, 2022

by a searcher from Harvard University - Harvard Business School in New York, NY, USA

Dear All - I know there is an SBA loan that is up to $8MM. Has anyone applied for these loans and what have been your experience? If you are not using SBA loans how are you funding your acquisition? Cheers, Michele Paige

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Happy to discuss both SBA options and non-sba options.Some lenders, like Live Oak, offer a conventional piece on top of the SBA piece so they can do deals over $5 million.There are also some other options available from a conventional and non-bank perspective.We are a commercial loan brokerage shop with over 350 funding options.Happy to discuss options for your next transaction at any time.I can be reached at redacted
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Reply by an intermediary
from University of Texas at Austin in Austin, TX, USA
This is called Pari Passu Debt Funding, and stacks a conventional loan on top of the SBA. These are possible when there is very, very strong cash flow, and often significant collateral to secure the debt. You have to take care on your debt service, and make sure that - alongside any seller notes or other obligations, the deal still pencils.
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