SBA: Use a HELOC to keep your primary residence out of it?

September 12, 2023
by a searcher in Petaluma, CA, USA
Do SBA lenders frown upon borrowers taking out a HELOC that reduces their home ownership below 25% such that the SBA won't ask for a lien on the home?
The cash would be useful as working capital so I'm considering it but don't want to create problems for the deal.
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
in Boca Raton, FL, USA