Minimum Owner Percentage
It looks like the SBA requires all owners with at least 20% ownership to be personal guarantors on loans. It also seems that banks are less uniform and there's a range of ownership before a personal guarantee is needed. Does anybody have any insight into what goes into the minimum ownership banks require for small business loans? What about for private lenders?
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Official comment
Hi Dan!
That's an excellent question. There's some information about SBA loans here: SBA 7(a) Loans: Types, Requirements, and How to Apply although I suspect that what you're looking for is going to require contacting individual lenders, since each lending institution has their own criteria for evaluating loan applications.
Best Regards,
Victor
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