Conventional (Non-SBA) Loans for Acquisitions — Experiences?
January 21, 2026
by a searcher from University of Pennsylvania - The Wharton School in Philadelphia, PA, USA
Has anyone here used a conventional (non-SBA) loan to acquire a business?
I’d love to hear:
Typical terms (rate, amortization, leverage, covenants)
Whether personal guarantees were required
Lenders/providers you’d recommend
Asking because some sellers are concerned about PGs under SBA financing. Any firsthand experiences or referrals would be much appreciated.
Thanks!
Kai
from The University of North Carolina at Chapel Hill in Philadelphia, PA, USA
from Massachusetts Institute of Technology in Portland, OR, USA