How does a business partner with 40% ownership in one business who is defaulting on an SBA loan in a separate business effect the ability for the the first business to apply for a SBA backed loan?

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In a traditional enviroment - the business that he owns 40 percent of would not be elegible for a new SBA loan. In this environment, if they have a shot it's probably best to try an emergency loan - and see what happens.

The SBA Disaster Business Loan application do partners with 10% or less ownership and no voting rights need to fill out a personal financial statement?

In regards to new businesses less that a year old and can't provide two years worth of business information, can we ... relief? Currently have an SBA loan.

SBA Express Loans - from $350K to $1M. What is this loan? Can you be eligible for this loan in addition to the Small ... express loan over the other loans?

Does it matter how long your business has been in operation in order to apply for an SBA Disaster Loan?

Are companies with majority private equity ownership eligible for SBA loans?

Can a small business apply for an asset backed SBA loan that would be guaranteed by one of their investors? However, this investor is not a majority owner of the company.

How does a business partner with 40% ownership in one business who is defaulting on an SBA loan in a separate business effect the ability for the the first business to apply for a SBA backed loan?

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