SBA Personal Guarantee

by a searcher from Florida State University

8 months ago

Any stories of business going south post acquisition and the business ultimately shutting/winding down? Thinking of a worst case scenario and if/how anyone handled it relative to the SBA personal guarantee (if SBA financing was used). There is only so much risk you can structure away via terms - the business still needs to perform to a minimum threshold so just curious if anyone has experienced a significant drop-off in business performance for something that could not have been mitigated.

3 likes
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10 comments

searcher from University of Pennsylvania - The Wharton School

I have been thinking about this a lot too. Thanks for the question and helpful answers.

3 months ago | like reply | 0 likes

intermediary

Hey Michael, some interesting points raised here. The pain of personal guarantees can cause various parties a lot of undesired stress on top of operating the company. Its part of the reason we have as many as 800 integrated lenders in our lender matchmaker tool. There are many lenders that can offer *non** personal guarantee loans on competitive rates to help alleviate that stress. I welcome anyone to apply here. It takes approximately 8 minutes and quickly you can see lending options. We have coverage in the USA and UK. https://foundy.swoopfunding.com/stage

7 months ago | like reply | 0 likes

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