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The status of SBA financing

A lot of questions continue to be posted about the status of SBA loans. This from our contact at Wells Fargo's SBA division: Throughout most of this year, the SBA had capped the amount of goodwill that it allowed to be financed under an SBA 7(a) loan structure. This had a significant impact on the financing of acquisitions, as many businesses being sold often have goodwill which exceeds this amount. Recently, however, the SBA revised their guidelines and increased the amount of goodwill which may be financed to $500,000. Additionally, if the goodwill to be financed on a business acquisition loan exceeds $500,000, the loan can still be considered by Wells Fargo, provided the Borrower Injection (down payment) is increased to 25% (it's usually 15% - 20% for Wells Fargo business acquisition loans).

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Answers (5)
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The BAF Group LLC
MD

Who is Carson Grant and why is BizBuySell not blocking him? This is outrageous!

Feb 11, 2017
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Carson Grant Loan Company
Affordable Loans
Los Angeles County, CA

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Feb 11, 2017
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Jan 14, 2017
Jon Holmquist
Edgemaster Model 400 sharpener
President
Marion County, OR

Hey Don, good information, hope the guy with the collision business sees this.
Good advise. Jon at Edgemaster Mobile Sharpening

Oct 12, 2009
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Franchise Advisory Group
PA

Don,

Thanks for this important info.

Oct 10, 2009

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