How Much Collateral Do You Need for a Business Loan? {SBA 7a}

How Much Collateral Do You Need for a Business Loan? {SBA 7a}

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Q: Hi Beau, how much collateral is needed for an SBA 7a loan? I don’t own a home or any
property and want to buy a business with no collateral. Let me know if this is feasible.

Thanks,
Ann

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Timestamps:
(00:02) Question from Ann about collateral for SBA 7A loan.
(00:14) Explanation about no collateral needed, SBA guidelines, and potential collateral shortfall.
(00:35) Buying a business with no collateral may still involve some collateral with the business assets
(00:50) Some banks are willing to lend without collateral for a cash-flowing business
(01:05) Assurance about banks accepting 100% collateral shortfall based on creditworthiness and business cash flow.

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#collateral #businessloan #SBA7a

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