Sounds about right, ^redacted! The key is partnering with an experienced SBA loan advisor who was proactive with the business buyer/borrower PRIOR to receiving the clear to close, mentoring the borrower what steps to get in action to clear the closing conditions 10x faster than the norm. Many say SBA business change of ownership loan projects take forever from start to funding. They don't when you the right front end SBA loan advisor with experience is in constant coach mode. There is a method to the madness! :)
reply
by a lender
3yrs ago
in United States
An SBA change of business acquisition clear to close IS exciting, ^redacted! I do a happy dance the day of loan funding, ownership transition. It's an honor to witness these transactions fund.