Student loans?

searcher profile

November 24, 2020

by a searcher in New York, NY, USA

How do SBA 7A lenders view student loans? Planning on having 130k in student loans after my mba, but I am holding around 300k in savings for a deal. Can this prevent a deal?


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commentor profile
Reply by a lender
from University of Missouri in St. Louis, MO, USA
Any personal debt is usually accommodated in your salary. So if the deal only works from a cash flow standpoint with you taking $75,000 in salary, but you have debts (including student debt) that points to you needing a higher amount then it could impact the deal. However the overall amount and related payments are relevant only if there is/isn't insufficient business cash flow to accommodate business and your personal debts and lifestyle.
commentor profile
Reply by a lender
from Sam Houston State University in 5324 Community Dr, Houston, TX 77005, USA
Student Loan debt is looked at just like anything else. We will have to be sure that your proposed salary is sufficient to cover all of your expenses which could affect the cash flow. I've seen much higher in student loan debt, so nothing to worry about.
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