Student Loans?

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11/24/2020 Redacted Redacted

searcher Columbia University - Columbia Business School University of Pennsylvania - Philadelphia

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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lender University of Missouri - Columbia - 11/24/2020

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.

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lender - 11/24/2020

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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