Here's a question: Can someone use a 'small' SBA loan to (self) fund their search?
Create an LLC, apply for an SBA loan as a 'start up', borrow, $25-100,000, and use it to pay for (self) funded search?
Could that be done?
Then, when company is acquired, you roll this 'small' SBA loan into the bigger one to buy the company.
Great idea or stupid?
(People with good credit could use credit card stacking/advances at 0% to do this too I suppose)
Use SBA loan to fund a search?
by a searcher
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We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
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