More and more sellers (via their advisors) are associating SBA financing with type of buyers who not only need debt financing from bank but also need investors for equity, and the main buyer often has no, or limited, skin in the game.

I concur with most of the statements already made. There are concerns SBA buyers will not be as qualified or will need to raise equity as well as debt. There are also brokers who do not want to work with SBA loans and believe it can take more time. They may have been burned by an SBA buyer before as well. It is also possible that the business does not qualify for SBA financing for one reason or another, but I would not let that hold you up from taking a look. We are a Commercial Loan Brokerage Shop with direct relationships with over 500+ institutions. We offer a free assessment on deals as well as borrower specific and deal specific pre-approval letters, and have had some success getting brokers comfortable with SBA buyers that originally said they were not interested. Happy to review anything you are working on. You can reach me here or directly at redacted Good luck with your search.