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Question regarding SBA funding, Welcome
Everybody going into business and / or dealing with the SBA should have
both an Accountant and a Lawyer.
Now is the time to talk to them.
As a side note, the SBA does not lend money, they guarantee loans that other institutions make.
Most lenders will require 20% down from you. You will hear 10-15% but unless the business has a lot of tangible assets, expect at least 20% down by he time the deal is through underwriting.
The SBA usually reguires 25% down and collateral. Traditional lenders add their guidelines to the SBA\'s so you might find them tougher than a private lender.
Let me know if you have any other questions. Good luck!