SBA Bank for smaller deals

searcher profile

May 31, 2023

by a searcher from INSEAD in Miami, FL, USA

Looking to borrow ~$300-350k on an SBA loan to acquire a healthcare business in Florida. It seems most of the banks that I've worked with in the past work on 500k or more. Can anyone recommend any lenders that work on smaller loans?

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Unfortunately if you are looking to acquire a business you cannot use the express product because the requirements on business acquisition require more documentation. Due to the work involved many SBA lenders will not do smaller deals on the business acquisition side. However, I do have some lending partners that may look at it depending on the structure and complexity. Feel free to reach out to me here or directly at redacted
commentor profile
Reply by a lender
from Florida State University in St. Petersburg, FL, USA
Hey Daniel - I would love to take a look if this deal is still active. I specialize in small balance SBA loans at First Bank of the Lake and would be glad to assist. For some context, I closed $17MM in small balance loans last year and have $3MM in my current pipeline. Please reachh out to redacted at your convenience - thanks!
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