The Truth About SBA 7a Collateral Requirements
SBA 7(a) loans require personal guarantees from anyone who owns 20% or more of the business, but it doesn't stop there. Guarantors may also be required to pledge "all available collateral." It's important to understand the difference between SBA requirements and the requirements of the specific lender with which you're working. In this video, SBA Ray exposes the truth about SBA 7a Collateral requirements so don't get taken advantage of by the bank.
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