If you are a Veteran looking to acquire a business, the SBA just announced a great move that benefits you. Under standard business acquisitions the SBA requires a 10% down payment and at least 5% of that down payment must come from the primary business owner(s). However, if you are a Veteran buying a business, then you are not required to bring any equity to the table personally. The 10% down payment requirement still applies, but you could use a combination of a 10% standby seller note that is on full standby for the life of the SBA 7A loan or investor equity to meet that 10% threshold. Not having to go out of pocket for the acquisition is a huge win and allows you to keep cash in your pocket for working capital or post-closing liquidity requirements. Please note even though the SBA will allow this, it does not mean every lender will allow the purchase to go through without any buyer direct equity. So you will need to be sure you are working with the right lenders that can meet this need for you. We are a Commercial Loan Brokerage with over 500 funding partners including over 100 SBA lending partners, and we work with both conservative and aggressive lenders, many of which I am confident will support this Veteran program as they are aggressive with 5% buyer equity and 5% seller standby note transactions now. If you would like to discuss financing options you can reach me here or directly at redacted