Anyone apply for and receive an SBA loan to acquire a business?

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October 20, 2020

by a searcher from San Jose State University in Redwood City, CA, USA

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Reply by a professional
from Georgia Institute of Technology in Atlanta, GA, United States
Yes. It is a long and tedious process. Be ready for lots of paperwork and guarantees. You will guarantee the loan with your assets and collateral, even though the government is guaranteeing as well. You won't have a fixed interest. It will be floating and interest rates are rising. Good part is once you get the loan, it is easier to maintain it and later restructure it with a conventional loan.
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Reply by a lender
from Rutgers, The State University of New Jersey in Syracuse, NY, USA
I have over 30 years of SBA lending experience and specialize in the business acquisition market place. I am an intermediary with multiple lenders who know my background. I do not charge any upfront fees.. see my web site www.sbalender.com or email me at redacted
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