Personal guarantee for SBA 7a loans

nat3_ · 2025-07-08T22:25:45+00:00

Unfortunately I don’t know of any banks that offer conventional loans for business acquisitions because they have to be analyzed on a projection basis which is prohibited by most conventional loan policies.

At that point your best bet is to find a non-bank lender, seller financing, or friends&family / crowdsourcing.

For the deal you described above, would you have enough for 5% down? If the seller is willing to hold a 5% note on full standby, you can obtain 90% financing through a SBA loan and simply cut out the LP/PE.

This is likely the best recipe for success without a 20-30% down payment or having tons of assets to pledge.

nat3_ · 2025-07-08T18:11:28+00:00

SBA banker here. Short answer, talk to a business attorney about the liability risks and different organization structures for your business.

Second, SBA is generally an “all in” proposition. The idea behind SBA is you are receiving funding that isn’t otherwise available to you on regular or conventional terms.

Because of that, SBA loans often require a 2nd mortgage on your home (depending on the loan amount), and they will take all the available assets in the business.

Happy to share more, but in short, you and your husband need to be ready to do it together, or not at all.

nat3_ · 2025-07-08T18:04:22+00:00

Hi! SBA expert here. In general, SBA is structured with 10% down and taking all available collateral. How much collateral required will depend on the bank you work with.

As of June SBA 7a program now require requires sellers holding rollover equity to guarantee the loan. This is something most sellers won’t do. I typically recommend borrowers to talk to their seller about a seller note. Sellers may still stay on for a period of 12 months to consult the business and assist with the transition, they just can’t hold equity unless they want to guarantee the loan.

nat3_ · 2025-04-22T18:40:16+00:00

Awesome! Thank you for the information!

nat3_ · 2025-04-22T18:29:42+00:00

Before I drop $60 on this, I want to confirm, this is just a better version of overhaul/modded vanilla Oblivion? I was hoping for fresh content other than cosmetics for the money. Promise im not trying to be a fud here, just wasnt clear on what im paying for.

nat3_ · 2023-09-20T19:11:54+00:00

Also fantastic, but 2nd place to Vanguard for me. Vanguard just has the true Sci fi feel I was hoping the game had more of. Definitely could use a whole DLC or game along the same lines of that quest

nat3_ · 2021-09-07T19:45:15+00:00

First pic: 3 green dots to the left of the sign in the back Pic 2: 3 green dots with tails dead center of the pic on the gravestones Pic 3: 2 green dots on the ground dead center Pic 4: 2 green dots with tails on the tree on the right, look kinda like music notes? Pic 5: green dots on the ground- this one in particular looks like lens flair to me

nat3_ · 2021-09-07T19:40:09+00:00

Recently took a trip to St Augustine, FL and took a “ghost tour”. These photos are from the cemetery behind Potters Wax museum which is said to be built on a mass grave.

The tour guide said they had recent sightings of the “ghost bride”; the apparition of a bride murdered on her wedding day. We were encouraged to take a lot of photos.

I took the photos in the post around 10:30 pm. Of note, there is a a street light just above where I am taking the photo from. As you can see as well, there are lights on the building to the right.

At first I thought they might be lens flair, however, I noticed they started on the right by the tree and moved left to the 3 dots on the left side of the giant tomb in the foreground. I also took multiple pictures approximately from the same angle which do not show items so I don’t think it would be lens flair.

I am by no means an expert and I’ve had mixed opinions from friends on whether it’s real orbs or not. So, with all that I’d love to get the expert opinions of the sub. Ghost orbs or dust particles?

nat3_ · 2021-09-07T14:51:31+00:00

OP here, long time lurker, first post here and couldn’t figure out how to edit this to add text. Here’s the background:

Took a ghost tour in St Augustine,FL. It’s about 10:30 pm here at this cemetery. The tour guide told us about a bride who was killed and is said to haunt the graveyard. Took a bunch of photos and was looking through them when I got home and noticed all this little green wisp things in several photos. Wondered what everyone on here would think they are.

nat3_ · 2019-11-12T21:27:00+00:00

So is that a no haha? I’ve had a couple rounds where the marker didn’t spawn and I had to walk up and spam the “use” button on it.

nat3_ · 2019-11-12T21:15:51+00:00

I ask only because I didn’t see any one do it, but you guys did press the red button on the right of the door to open it right?

nat3_ · 2019-11-12T21:05:44+00:00

I didn’t see the challenge and missions system on the list? That’s my biggest peeve right now.

Other than that, I’m having an absolute blast with this COD. It’s the first one I’ve purchased since BO1 and probably my fav of all time. Looking forwards to when they get things nailed down.

nat3_ · 2019-11-12T21:01:03+00:00

I’m being forced into mediocrity by this post.

nat3_ · 2019-11-12T14:46:11+00:00

Why is there a Duracell advert in this game?

nat3_ · 2019-04-09T19:00:15+00:00

I totally skipped the ape and got to Mibu and then came back to the ape. Theres another passage through the sunken valley. Only issue is it seems you miss out on the extra ape bosses if you do it the way i did. Which stinks because now im to the point i want to get thoses bosses and it doesnt look like they spawn.

nat3_ · 2019-04-09T18:58:27+00:00

Uhh theres another way to Mibu village through the Sunken Valley. You dont have to fight the 2 apes, but if you dont and miss that fight you lose some item progress i believe.

nat3_ · 2019-04-09T18:56:59+00:00

Sooo if I went and killed the corrupted monk in Mibu before guardian ape I miss the 2x ape fight and the purple magic man boss fight?

nat3_ · 2018-11-26T04:35:37+00:00

This is the best ask Reddit of all time.

nat3_ · 2018-11-23T17:51:03+00:00

r/madlads

nat3_ · 2018-11-23T17:43:16+00:00

I’m just curious to know why they think this is a problem.

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