anyone experienced with non SBA loans in NY to foreign nationals

March 02, 2023

by a searcher from University of Auckland in New York, NY, USA

Have a couple of companies im looking to finance. I have noticed one of the requirements appears to be to have visa and be residing within the USA . While I am looking to migrate to the USA, I would be doing so under a E2 Visa. Which takes around 6 months to process, however i need to acquire the company before making an application. Does anyone know of any non SBA loans that do not have these restrictions, would it be simply family offices?

Reply by a professional
from Boston University in Las Vegas, NV, USA

My thought is that this is an uphill climb, regardless of the state in the US. From my experience, I have observed that they (lenders) prefer the relative safety of SBA loans, which foreign nationals are not eligible for. Best bet for foreign nationals lacking 100% equity, is to find a way to become operating partners , IMHO.

Reply by a searcher
from University of Auckland in New York, NY, USA

Yeah oaky, so two options ideally, family office funds or seller finance. - You can ofcourse do other things like trusts deeds, option agreements, phantom equity, POA. - Better to avoid these though unless you really needs cheaper finance, and you will not be able to say on paper you have 51% stake for E2 application.

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