Seeking SBA lender comfortable with forgivable seller note

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by a professional from Wayne State University
in Farmington Hills, MI, USA

3yrs ago

Seeking SBA lender comfortable with forgivable seller note

My client is purchasing an internet based service business in the SEO space and needs to identify SBA lenders who are comfortable with structuring a forgivable seller note as part of the transaction. Recommendations?

2 Likes

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reply by a lender 3yrs ago
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

I would be happy to discuss with you. We have over 350+ funding partners we work with, and over 50 SBA lending partners. We do quite a bit of business acquisition finance and have been able to help structure seller notes that do have a forgivable part. Please let me know if you would like to jump on a call to discuss at redacted Thank you.

reply by a lender 3yrs ago
from Fordham University in Fort Myers, FL, USA

Nicholas, we may be able to help. Send the following docs: personal financial statement, sources and uses of funds, 2 years financials. Send to: redacted