How Much Downpayment is Required for an SBA Loan
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If you’re considering applying for an SBA loan, one of the first questions you might have is, “How much of a down payment will I need?” It’s an important question, especially if you’re planning your finances for a new business venture or an acquisition. So, I’ve seen firsthand what it takes to secure an SBA loan, and today, I want to clear up any confusion about down payment requirements.
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00:00 - Introduction
00:55 - The Basic Rule: 10% Down Payment Requirement
02:20 - Importance of Seller Notes
03:55 - Considerations: Personal Guarantee
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ProjectionHub has helped more than 50,000 founders and entrepreneurs to create financial projections so they can raise investment, apply for loans, and plan for expansions/growth. From budget-friendly DIY financial projection tools to high-touch custom consulting with a CPA expert, ProjectionHub has the financial forecasting solutions your business needs.