SBA Loans for Canadian acquiring a US based business?

December 19, 2022
by a searcher from University of Alberta in Calgary, AB, Canada
Hi All,
tldr: Canadian buying a US based business. Will immigrate to US to run the biz. Qualified for SBA loans?
I've heard mixed things about this, but looking for clarity. I'm running a self funded search and in talks with one seller in the US. I'm looking for some debt solutions and came across SBA (thanks searchfunder!). Looking into it more, it looks like its just for US residents. I have read some mixed things though and have heard from some people that some banks will write SBA loans for Canadians who are planning to move to the US to operate their business, its just a matter of filling out a few extra forms. Any lenders/searchfunders have experience with this?
Also paging ^redacted for further reach.
Thanks!
Gurinder
from University of Alberta in Calgary, AB, Canada
Also completely depends on whether the lender is willing to work with a non US citizen or not.
https://www.sba7a.loans/sba-7a-loans-small-business-blog/sba-loans-for-non-citizens/
from Stanford University in Honolulu, HI, USA