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.
SBA Alternatives?
by a searcher from Baruch College-The City University of New York - The Zicklin School of Business
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
125 views
3 comments
Sign in to see all replies.
Create an account.