New SBA Rules: What Business Buyers Need to Know

The SBA’s new Standard Operating Procedure goes into effect October 1 — and it brings several important changes for buyers using SBA financing to acquire a business.

Join top SBA loan broker Heather Endresen for a practical walkthrough of what acquisition entrepreneurs need to know before the new rules take effect.

In this webinar, Heather covers:

• The new 10% minimum equity requirement for initial acquisitions
• Why historical debt service coverage will matter more — and why projections can’t make up for weak past cash flow
• New requirements for acquisitions with a purchase price of $3 million or more, including a Quality of Earnings report and proof of cash
• How the new rules affect personal guarantors and their required equity contribution
• Changes to loan terms when commercial real estate makes up a significant portion of the acquisition
• What buyers need to know when a trust is part of the ownership structure
• The expanded seller transition period, which can now extend up to 24 months