Funding SBA equity injection using partial buyouts / equity rollover?
Hello, looking for some SBA experts' opinions-
The SBA rules now allow for partial buyouts and "rollover equity" in the 'multi-step change of ownership' SOP recently released.
Previously, you couldn't use a partial buyout to eliminate all or part of the 10% equity injection required for an SBA loan.
Is this accurate / has this changed with the new SOP update?
For instance, are there any lenders who'd allow the following sources of acquisition funds: 80% SBA loan, 10% seller note, 5% seller equity roll, 5% cash injection?
