SBA Loans, Personal Guarantees & Excluded Assets

by a searcher from Clemson University

3 years ago

Can someone please share whether any classes of personal assets are generally excluded from Personal Guarantees signed with a SBA 7a loan? I am wondering specifically about 401K / retirement accounts and primary residences. Does this vary by state?

Thanks

4 likes
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3 comments

searcher from Clemson University

@Lisa Forrest @Jeff Smith - thank you both for the replies!

3 years ago | like reply | 0 likes

intermediary from Indiana University at Bloomington

If you Have less than 20% equity in a residence , generally they will not use as collateral.

3 years ago | like reply | 0 likes

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