Assigning an SBA loan

April 16, 2025
by a searcher from INSEAD in Miami, FL, USA
Working on closing a deal that has an SBA loan from '20. Seller and I had checked with SBA during DD, and they agreed it could be assigned, however, as we're getting ready to close it seems they think he should be paying it off, especially if he's going to provide a seller note.
Does anyone have experience getting existing SBA loans assigned to new owners?
Other details:
- Healthcare deal in Florida
- Willing to accept the personal guarantee
- Loan is at 30 yr fixed 4% interest rate
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from Harvard University in Dallas, TX, USA