Small Business and SBA Lending Blog
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Can You Use a Gift as a Down Payment on an SBA 7(a) Loan?
Fortunately for SBA loan borrowers, there’s nothing preventing you from using a gift as a down payment on an SBA 7(a) loan . In most cases, however, the gift must be a from a family member. Otherwise, the lender may be concerned that the gift is actually a loan in disguise— and, that it might h
Can You Use a 401(k) as an SBA Loan Down Payment?
If you have a 401(k) account or another approved tax-deferred retirement account with at least $50,000 in it, you may be able to use those funds as a down payment for your SBA loan.