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by a professional
1yr ago
from University of Southern California
in North Palm Beach, FL, USA
There's more good news: the SBA will not enable so many lousy business acquisitions. (And this protects searchers from themselves, who might buy the wrong business or buy the right business the wrong way.)
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by a searcher
1yr ago
from St. Cloud State University
in Sheridan, WY 82801, USA
We dropped SBA completely.The recent rule changes, especially the part that makes sellers personally guarantee the loan, made it unusable for our deals. In healthcare, most legacy doctors will not sign anything that puts them on the hook after they walk away,so It stops the deal before it starts.
We're using conventional lending for our current acquisition and for everything after that, we're raising private capital. That gives us speed, control, and cleaner closes without needing to explain federal terms to an emotional seller.
SBA might still work for some deals, but if the seller is legacy, cautious, or reputation-driven, well, it's getting harder to make those terms land.