SBA cool down period between acquisitions?
Hi everyone,
I recently closed on a deal this past February and am looking to acquire another business soon. However, when I connected with the SBA lender I worked with on the last deal, he mentioned that it would be tough for me to acquire another one so soon using an SBA 7a loan given the short time frame since the last business I acquired.
Is this something y'all have faced? Is this a lender specific thing? An SBA guideline around any sort of "cool down" period? Or something else?
Thanks and appreciate the feedback!