Overly intrusive SBA 7(a) lender questions for investors?

June 27, 2025
by a searcher in Fort Wayne, IN, USA
Dealing with some pushback from investors on an SBA 7(a) deal around being forced by the bank (who is claiming the direction comes from the SBA) about having to disclose all of their business holdings, percentage ownership, NAICS, EIN, mailing address to a bank when they're writing a simple 25-50k check on these type of self-funded search deals.
Further, they're pushing back on the bank requiring them to hand over###-###-#### days of bank of their bank/brokerage statements for the "equity injection verification". One gentlemen doesn't have it as cash and was planning on liquidating some assets just before the capital call. These are all guys who are accredited investors and who have never participated in a deal like this.
Anyone else deal with pushback on this?
from New York University in New York, NY, USA
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA