SBA Alternatives?

January 25, 2024
by a searcher from Baruch College-The City University of New York - The Zicklin School of Business in Miami, FL, USA
Hello Everyone,
Wondering if anyone has worked with or knows of lenders in this space aside from the SBA. I'm currently negotiating an LOI for a purchase of around $2.5M and will require about $1.5M in senior debt. My initial plan was to utilize SBA financing, however I was recently made aware that they will put a lien on real estate I own to meet the collateral. While I'm okay with the personal guarantee, I don't want to have a lien on certain assets and lose flexibility of those assets for the next 10 years.
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from Eastern Washington University in Seattle, WA, USA