Partnered search involving an SBA loan

searcher profile

December 06, 2022

by a searcher from Harvard University in Fargo, ND, USA

Hi everyone - a partner and I are structuring a search and are looking to talk to someone that has acquired a company with a partner and used an SBA loan. Would love to discuss how equity was structured, among other topics.

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
It sounds like you are looking to talk with other searchers, but if you need any assistance in reviewing or structuring deals, we would love the opportunity to assist you. We are a Commercial Loan Brokerage shop with over 350 unique funding partners and about 60 SBA funding partners. We do a substantial amount of business acquisition finance. Please let me know if we can be of any assistance. You can reach me here or directly at redacted Thank you.
commentor profile
Reply by a searcher
from Harvard University in Boston, MA, USA
If you both sign the PG, you are both guaranteeing the full amount of SBA debt (not the 50% you might expect). So if you want to go out and do another deal, the amount of dry powder you'll have will be but in half.
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