Life Insurance for SBA Loans - Common Questions

Question: If the amount of Life insurance is enough to cover the SBA loan amount will the applicant still have to include owned real estate in the PG?

Answer: Even with sufficient life insurance coverage to match the SBA loan amount, the SBA still requires that owners with a 20% or greater stake in the business personally guarantee the loan and pledge personal assets, including real estate, as collateral if business assets alone are insufficient to fully secure the loan.

Learn more: https://www.businessbridgeinsurance.com/