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What are the acceptable sources of down payment for an SBA 7a Loan?
Manage episode 425622821 series 2894492
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In this episode, Beau discusses the acceptable sources of down payment for an SBA 7A loan in a business acquisition and how the source affects loan approval. He explains that while the SOP allows for the complete 10% equity injection to be on standby, most lenders use prudent lending and require a portion of the equity injection to be in cash. Beau explores various ways to fund the equity injection, including seller carry, home equity line of credit, borrowing funds, and investor partners. He also highlights the importance of post-closed liquidity requirements and factors that affect loan approval. Finally, Beau emphasizes the benefits of SBA loans for business owners and offers a free strategy call for real estate investors.
If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )
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