Posts tagged SBA Assumable Loans
Are SBA 7(a) Loans Assumable?

Fortunately for borrowers, SBA loans, including the SBA 7(a) loan, are fully assumable with SBA approval. However, if you’re selling your business, getting approval from the SBA for another borrower to assume your loan can be somewhat complex. In particular, the SBA will look to ensure that the new borrower is eligible under SBA guidelines, and has enough financial strength and business experience to make a potential loan default unlikely.

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