SBA Question

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by a searcher from City University of New York, Brooklyn College
in New York, NY, USA

54m ago

SBA Question

Hey everyone, question to the lenders if I’m putting 5% down on an SBA loan, I was told I could structure the deal with 5% buyer equity, 5% seller financing on full standby, and 90% SBA financing, provided I have an additional 10% in reserves. Is that 10% reserve requirement an SBA requirement, or is it a lender-specific overlay? Also, can those reserves be held in stocks, brokerage accounts, or a 401(k), or do they need to be in liquid cash?

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