Podcast: Download (Duration: 3:29 — 3.3MB)
eCommerce Business Acquisition Financing with the SBA 7(a) Loan programs
In this short episode, host Beau Eckstein answers the question, “Can you finance an ecommerce business acquisition using the SBA 7a loan program?”
The answer is “Yes.”
Key points to keep in mind when using the SBA 7(a) loan program:
The business must be domiciled in the United States
The business doesn't sell anything prohibited by the SBA (e.g., cannabis, gambling, investment or lending company, etc.)
Borrower good credit score
SBA eligibility for sponsor (aka borrower).
You will need 3 years of tax returns for the business as well.
Watch the video for full details.