Real Estate Broker · LA & ORANGE COUNTY CA -Multi Family · Member since 2016 · 374 posts · 132 votes
Does anyone have experience with SBA loan qualifications? Looking for $2M financing. I'm familiar with the general of what a lender looks for but for this amount does anyone know in general how much liquid is needed etc down payment? Looking for SBA 7A loan. Any input would be greatly appreciated. Thanks
I am not sure what sba 7a is, but I am in the process of purchasing a company for just over a million. The requirement for me was 10% down and only 50% of the down pmt could be carried back by the seller. Can’t pay seller back though until sba loan is paid off. There are creative ways to get by that though. Hope this helps.
I am not sure what sba 7a is, but I am in the process of purchasing a company for just over a million. The requirement for me was 10% down and only 50% of the down pmt could be carried back by the seller. Can’t pay seller back though until sba loan is paid off. There are creative ways to get by that though. Hope this helps.
Hi, I am a commercial loan broker and we primarily focus on SBA financing. Let me know how I can help answer some of the questions you may have regarding SBA.