Are there any SBA rules regarding the Proof of Funds from Investors?

August 15, 2024
by a searcher from St. John's University in New York, NY, USA
Are there any SBA 7(a) rules regarding the source/proof of funds from investors who will hold less than 19% equity and will not provide a personal guarantee?"
from Sam Houston State University in 5324 Community Dr, Houston, TX 77005, USA
from Babson College in Long Island, New York, USA
Generally these investors have their own means of supporting themselves, so if they're not pulling a salary from the business, then the other aspects of the PFS and personal debt levels are less relevant. But every bank underwriting team is going to have their own rules.
But Raul, Let's chat on Monday!