Using an SBA loan on 2 concurrent deals in the same space?

April 29, 2024
by a searcher from University of Colorado at Boulder in Los Angeles, CA, USA
I am curious to understand whether people have experience with multiple SBA loans at the same time.
If the idea is to roll up two separate companies doing the same thing in the same market, will lenders give out two separate loans, one loan for both, or ask you to pick one deal at a time?
This feels a little messy to me, but if the companies align strategically and operate in the same geography, it seems to me it would actually de-risk the debt (to some extent) on each individual company. Wondering how others would approach debt financing in this scenario.
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from Texas A&M University in Austin, TX, USA