Multiple SBA loans in short time frame

searcher profile

March 13, 2023

by a searcher from Regis University in Denver, CO, USA

Hi all, small SaaS owner here. I am searching to acquire a new business AND also want either a working capital loan for my existing SaaS, or to acquire an additional, small lifestyle business.

I know in personal finance trying to acquire multiple lines of credit would be considered very worrying for lenders, but I would like some feedback on my thoughts that SBA financing makes this more likely. I feel acquiring 2 businesses in the same time frame might be troublesome even if 1 is under 400k, but I'm assuming this. I do think the situation might be good if I try for an acquisition and working capital loan since there is existing revenue for the capital.

Thanks for any experience you can offer.

0
5
139
Replies
5
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
It is always more difficult to finance multiple businesses in a tight timeframe as lenders are often concerned about what the potential impact is between the additional debt and the amount of distraction it could cause the Borrower. However, if the situation is write and there is a good plan in place, we have been successful in doing it for other customers on many occasions. I would be more than happy to have a call. You can reach me here or directly at redacted
commentor profile
Reply by a searcher
from American InterContinental University in 930 Thomasville Rd, Tallahassee, FL 32303, USA
interested, redacted
commentor profile
+3 more replies.
Join the discussion