SBA Funds Seasoning

searcher profile

April 25, 2023

by a searcher from Columbia University in Edgewater, NJ 07020, USA

I have heard that SBA wants to see the funds sit in a location for 2 months before they are used in a transaction. Can the funds exist in an account for 2 months, and be transferred to another account just prior to use without issue? Both accounts would be mine.

More Context
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Currently I have my cash in a high yield FDIC insured account that has limits on the type of transactions the owner can perform. Basically, I can't write checks or wire from that high yield account, the funds would need to be transferred to my main checking account so a check/wire can happen. I just don't know if that is acceptable for the SBA, even if it's fully transparent.

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commentor profile
Reply by a lender
from University of Utah in Sandy, UT, USA
It should be fine. The bank just needs to source the funds over the last 60 days. Happy to discuss further. redacted or###-###-####
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