Jan 22 2025 3 mins
In this video, we explore the specific advantages and potential drawbacks of using SBA 7(a) loans for acquiring an existing business and business expansion. Learn about the collateral requirements, personal guarantees, and why SBA 7(a) loans might be the best option for your business financing needs. Discover the nuances of SBA loans compared to other financing options and gain insights on how to navigate the process effectively.
Question: Hello, what are the specific advantages and potential drawbacks of using an SBA 7(a) loan for acquiring an existing business compared to other financing options? Thanks, Sarah.
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