Acquisitions Anonymous - #1 for business buying, selling and operating cover image

Two SBA Businesses for Sale - Heather Endresen of Live Oak Bank - e53

Acquisitions Anonymous - #1 for business buying, selling and operating

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SBA Rules - Is There a Standby?

The s b a rules have changed m in the last few years. You could make up 15 % of that with a cellar note, as long as that sellar note was on full standby. But now what's beingthen there's one more situation i'll explain, that the s b a allows, but at the ten percent equity amount. The 15 % cellar note is a credit decision by bank to bank, you know, so another bank. Sometimes we even allow ten %. And there is no rule that says that the cellar note can't advertise right away, which all ours do,. So most of ours are five year advertization.

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