Partnered Search for $5M SBA Limit per person

January 23, 2025
by a searcher from University of Pennsylvania - The Wharton School in Los Angeles, CA, USA
I was wondering if anyone has done a partnered search (each partner takes up to the $5M SBA maximum), while keeping it a partnership (sharing in wins / losses). I know that the 2 individuals cannot be 50/50 on the SBA loan without each taking a personal guarantee, but I was wondering if there was a way to merge the companies at a later date or other structure.
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA