Scaled Forgivable Seller Note - SBA Compliant

by an investor from Harvard University - Harvard Business School

5 years ago

Does anyone have an example LOI/IOI or seller note contract with language on a forgivable seller note with the value scaled to a metric? We're looking for something that would be SBA compliant. 

Thanks!

12 likes
748 views
15 comments

lender from University of Utah

I have done this. Happy to discuss. --@----.com or###-###-####

8 months ago | like reply | 1 like

lender from Urbana University

The comment by Mr Printz is an example where sometimes the SBA rules as dictated by the SBA do not make sense. If possible take the deal to a PLP lender. Most transactions qualify for PLP unless in a refi situation where the existing lender is being asked to refi its own debt.

1 year ago | like reply | 0 likes

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