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?

Where am I?

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If your request is $350K or under they will not. If your request is over $350K they will likely require you to refinance your line of credit with them so they can have a clean first lien,

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

Hi , Have you heard whether or not payroll forgiveness will be a component of the Disaster Loan or will it only be the ... forgiveness as well? Thanks.

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

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?

Can we apply for multiple 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.

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?

Where am I?

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