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Existing LOC and SBA

Asked a question 2 years ago

I have an existing business LOC with my company's bank. If I apply for an SBA loan, will they require the payoff of the LOC?

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Will putting in an app for the SBA Express LOC hurt my chances of getting the Disaster Loan (and vice versa)?

I have read if you have existing SBA loan, they wave the payment for 6 months. Is that true and is it for just SBA generated loans or includes SBA 7a generated by bank as well?

What if I own multiple businesses? Am I able to apply an SBA loan for more than one company?

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.

Can we apply for multiple SBA loans

we are in the process applying the disaster loan but also interested to apply a regular SBA $350K loan or Express loan. ... regular SBA loan? what is the process?

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Asked a question 2 years ago

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