But you have to be careful how that is done as it can

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May 25, 2023
11:39:46am

Archaea Intervention Needed

But you have to be careful how that is done as it can

Cause denial of the SBA loan.

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Archaea

Bio page: Archaea
Joined: Mar 28, 2001
Last login: May 6, 2024
Total posts: 93,820 (3,092 FO)

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Messages

Author

Time

Anybody do SBA loans or or have any tips? I’m in the process of selling

tander123

5/25/23 11:17am

RE: Anybody do SBA loans or or have any tips? I’m in the process of

Archaea

5/25/23 11:30am

Thanks

tander123

5/25/23 11:33am

You may need to offer owner financing for a couple years, at least for a portion

5/25/23 11:35am

But you have to be careful how that is done as it can

Archaea

5/25/23 11:39am

Those are both bank policy/decisions not sba policy. Every buyer sets up a new

DiamondMo

5/25/23 11:36am

This is accurate.

Archaea

5/25/23 11:40am

Yes, I have 9 years of records

tander123

5/25/23 11:41am

Was the loan the buyer applied for an SBA backed loan?

BYUMizzou

5/25/23 1:55pm

Yes, was an SBA backed loan.

tander123

5/25/23 2:22pm

Not all SBA lenders are created equal. He should go to a loan broker

TepperCoug

5/25/23 2:38pm

Live Oak Bank is another option - they dothousands of SBA loans each year

BYUMizzou

5/25/23 2:41pm

Yeah, they are one of the best. But they have more strict DCSR than others.

TepperCoug

5/25/23 2:44pm

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