Good morning Searchfunder,

I wanted to share some quick info on some of the SBA updates that have been a hot topic of conversation on this forum and in our industry at large.

Seller debt may be considered as part of the equity injection if it is on full standby for the first 24 months, rather than the life of the loan - ALSO if it has an interest only period, it can be considered equity when there is historical business cash flow available to make the payments, and at least a quarter of the SBA-required equity injection is from a source other than the seller.
Other changes as well, view the procedural notice here:

Give me a shout to discuss!