Conventional (Non-SBA) Loans for Acquisitions — Experiences?
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