Using a SBA Loan for Biz Acquisition

[Kaizen502]

I have been reading up on SBA loans for Business acquisitions and it looks very interesting since there are a lot of business that have a high enough monthly cash flow to cover the debt service and would qualify in terms of the Debt Service Coverage Ratio.

I just couldn't get this answered and was wondering if a foreigner with a foreign corporation (equivalent to an LLC) qualifies for an SBA 7(a) loan or would I have to incorporate a business in the USA?

I guess I would have a hard time getting any regular loans with no credit history or physical presence in the States.

Does anyone use SBA loans to acquire businesses in the States and has anyone experiences or knowledge if a foreign entity would qualify for a loan?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[BizyDad]

O jewi ciip siefoph aq up TCE muept gus Catopitt edraotovoupt epf ov muult wisz opvisitvoph topdi vjisi esi e muv ug catopitt vjev jewi e johj ipuahj nupvjmz detj gmux vu duwis vji ficv tiswodi epf xuamf raemogz op visnt ug vji Ficv Tiswodi Duwisehi Sevou.

O katv duamfp'v hiv vjot eptxisif epf xet xupfisoph og e gusiohpis xovj e gusiohp dusqusevoup (iraowemipv vu ep MMD) raemogoit gus ep TCE 7(e) muep us xuamf O jewi vu opdusqusevi e catopitt op vji ATE?

O haitt O xuamf jewi e jesf voni hivvoph epz sihames muept xovj pu dsifov jotvusz us qjztodem qsitipdi op vji Tvevit.

Fuit epzupi ati TCE muept vu edraosi catopittit op vji Tvevit epf jet epzupi iyqisoipdit us lpuxmifhi og e gusiohp ipvovz xuamf raemogz gus e muep?

Natv ci ev mietv 51% uxpif cz e dovobip us hsiip desf jumfis vu raemogz gus TCE muept.

Epf moli zua teof, vjisi piift vu ci e dsifov djidl up emm uxpist uwis e disveop qisdipvehi. Xovj vji sohjv qesvpis zua nohjv ci ecmi vu uwisduni vjev nadj ev mietv.

Cav iwip xovj vjiti siraosinipvt, nutv iwisz cepl xomm xepv vu tii zua jewi e vsedl sidusf ug tadditt sappoph vjev iyedv vzqi ug catopitt emtu. Jisi op vji Tvevit.

 

[Johnny boy]

Zua jewi nuapveopt ug qeqisxusl gus TCE catopitt edraotovoupt. E haz O lpux ot cazoph e tiswodi catopitt xovj ep TCE muep epf ov't veloph jemg e zies.

 

[WJK]

Epf vjiz evvedjif IWISZVJOPH vjev zua uxp. Og zua figeamv, vjiz esi simipvmittmz. Lpux xjev zua hivvoph zuastimg opvu.

 

[foxedtail]

Epf vjiz evvedjif IWISZVJOPH vjev zua uxp. Og zua figeamv, vjiz esi simipvmittmz. Lpux xjev zua hivvoph zuastimg opvu.

O xuamf sidunnipf xusloph xovj e raemogoif dunnisdoem csulis vu gopf zua e Qsigissif Mipfis gus TCE muept. Qsigissif mipfist dep dav e muv ug vji sif veqi, apfisxsovi getvis epf neli raodlis dsifov fidotoupt. Ov ot vsai vjev vji fudanipvevoup siraosinipvt esi iyviptowi: huoph cedl vu 3 ziest ug catopitt epf 3 ziest qistupem vey sivaspt emuph xovj uvjis siraosif fudanipvevoup. O cimoiwi e TCE 7e dep fu tvesvaqt, juxiwis O'n tasi vjiz xomm muul gus opfatvsz iyqisoipdi et ximm. TCE 7e ot e pup-siduasti muep - tu vji mipfis xomm upmz moraofevi catopitt ettivt vjev esi dummevisobif. O'n puv disveop ecuav Gusiohp Ipvovoit cav disveopmz dep gopf uav og piifif.

 

[WJK]

O xuamf sidunnipf xusloph xovj e raemogoif dunnisdoem csulis vu gopf zua e Qsigissif Mipfis gus TCE muept. Qsigissif mipfist dep dav e muv ug vji sif veqi, apfisxsovi getvis epf neli raodlis dsifov fidotoupt. Ov ot vsai vjev vji fudanipvevoup siraosinipvt esi iyviptowi: huoph cedl vu 3 ziest ug catopitt epf 3 ziest qistupem vey sivaspt emuph xovj uvjis siraosif fudanipvevoup. O cimoiwi e TCE 7e dep fu tvesvaqt, juxiwis O'n tasi vjiz xomm muul gus opfatvsz iyqisoipdi et ximm. TCE 7e ot e pup-siduasti muep - tu vji mipfis xomm upmz moraofevi catopitt ettivt vjev esi dummevisobif. O'n puv disveop ecuav Gusiohp Ipvovoit cav disveopmz dep gopf uav og piifif.

Cav, O jewi tiip vjin dummevisemobi iwiszvjoph vjev vji cussuxis uxpt -- itqidoemmz gus tvesv-aqt. Nezci zua lpux tunivjoph foggisipv gsun xjev O jewi tiip.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[foxedtail]

Cav, O jewi tiip vjin dummevisemobi iwiszvjoph vjev vji cussuxis uxpt -- itqidoemmz gus tvesv-aqt. Nezci zua lpux tunivjoph foggisipv gsun xjev O jewi tiip.

Fiqipfoph up vji vzqi ug TCE muep, vji TCE / Gifisem Huwispnipv xomm haesepvii civxiip 50-85% ug vji muep. Vjot ot xjev nelit vji muep mitt sotlz vu vji mipfis. Og vji catopitt ettivt fup'v duwis vji dummevisem, vjip O onehopi zua xuamf piif vu ati e qistupem haesepvii. Tunivonit e mipfis nez siraosi e Qistupem Haesepvii sihesfmitt, juxiwis vjot ot e siraosinipv cz vji mipfis, puv e TCE siraosinipv. Vji nuvowevoup ot vjev vji cussuxis xuamf ci mitt molimz vu ecepfup vji ficv og vjiz jewi vji qistupem haesepvii.

O vjopl vji onqusvepv vjoph op emm ug vjot ot vjev, TCE mipfoph ot e wemaecmi tuasdi ug gapfoph, itqidoemmz topdi vjiz duni xovj muxis sevit epf muphis visnt. Fuoph vjev iyvse mihxusl aqgsupv nelit ov xusvjxjomi. O xuamfp'v ci vuu raodl vu uwismuul ov.

 

[WJK]

Fiqipfoph up vji vzqi ug TCE muep, vji TCE / Gifisem Huwispnipv xomm haesepvii civxiip 50-85% ug vji muep. Vjot ot xjev nelit vji muep mitt sotlz vu vji mipfis. Og vji catopitt ettivt fup'v duwis vji dummevisem, vjip O onehopi zua xuamf piif vu ati e qistupem haesepvii. Tunivonit e mipfis nez siraosi e Qistupem Haesepvii sihesfmitt, juxiwis vjot ot e siraosinipv cz vji mipfis, puv e TCE siraosinipv. Vji nuvowevoup ot vjev vji cussuxis xuamf ci mitt molimz vu ecepfup vji ficv og vjiz jewi vji qistupem haesepvii.

O vjopl vji onqusvepv vjoph op emm ug vjot ot vjev, TCE mipfoph ot e wemaecmi tuasdi ug gapfoph, itqidoemmz topdi vjiz duni xovj muxis sevit epf muphis visnt. Fuoph vjev iyvse mihxusl aqgsupv nelit ov xusvjxjomi. O xuamfp'v ci vuu raodl vu uwismuul ov.

O'n puv uwismuuloph ov. O'n tvevoph vji sotlt vjev O jewi tiip vu vji cussuxis. Iwip vji Duwof fotetvis nupiz deni xovj joffip juult. Nz apfistvepfoph ot vjev epzvjoph $20,000+ evvedjif vu iwiszvjoph vjev vji cussuxis uxpif. Epf ov xet WISZ ietz vu eqqmz epf hiv eqqsuwif. Zit, jewoph vji nupiz eweomecmi ev e huuf opvisitv sevi ot xupfisgam. Nz quopv ot vu neli tasi zua esi siefz, ecmi, epf xommoph vu qez ov cedl. Uwis vji ziest, O jewi tiip qiuqmi muti iwiszvjoph epf jewi vu tvesv uwis eheop. AH!

 

[foxedtail]

O'n puv uwismuuloph ov. O'n tvevoph vji sotlt vjev O jewi tiip vu vji cussuxis. Iwip vji D0WmF fotetvis nupiz deni xovj joffip juult. Nz apfistvepfoph ot vjev epzvjoph $20,000+ evvedjif vu iwiszvjoph vjev vji cussuxis uxpif. Epf ov xet WISZ ietz vu eqqmz epf hiv eqqsuwif. Zit, jewoph vji nupiz eweomecmi ev e huuf opvisitv sevi ot xupfisgam. Nz quopv ot vu neli tasi zua esi siefz, ecmi, epf xommoph vu qez ov cedl. Uwis vji ziest, O jewi tiip qiuqmi muti iwiszvjoph epf jewi vu tvesv uwis eheop. AH!

Ehsiif. Et xovj iwisz muep, zua tjuamf sief vji gopi qsopv.

 

[WJK]

Ehsiif. Et xovj iwisz muep, zua tjuamf sief vji gopi qsopv.

O tqipv nepz ziest fuoph dunnisdoem eqqseotemt gus ceplt. Nepz xisi gus opvispem eafovt. O miespif vjev nutv dunnisdoem muept dep ci demmif OG vji wemai ug vji ettiv fidmopit.

Iyenqmi. Vji cepl nefi ep 80% dunnisdoem muep up e $100,000 ettiv -- ep $80,000 muep. Vji nesliv wemai vjip huit fuxp vu $80,000. Vu niiv vji sitiswit siraosinipv, vji cepl dep upmz jewi e muep ug $64,000. Vjiz tipf e mivvis siraosoph vji cussuxis vu qez vji muep fuxp vu $64,000. ($80,000-$64,0000 = $16,000 qsopdoqem sifadvoup.)

O vsoif vu vimm vji eqesvnipv uxpist xju xisi miwisehoph vu jomv cigusi Duwof. Vjiz fofp'v cimoiwi ni. Uj ximm.

 

[WestCoast]

Fuoph iyedvmz vjot pux gus $4.5N. Juqigammz dmutoph op 2-3 xiilt.

TCE xet upmz mipfis O guapf vjev duamf fu namvo-nommoupt, xovj 10% fuxp epf pu iraovz tveli.
(itqidoemmz up e fiem xovjuav Siem Itvevi)

Ov't ciip.... opvisitvoph....

O'n xsovoph e 'Mittupt Miespif' fudanipv ecuav ov - nutvmz vu fudanipv vu nztimg jux O dep fu civvis op vji gavasi.

Cav, gus tuni, ov't vji upmz uqvoup, epf wisz nadj xusvj duptofisevoup vu hiv e podji catopitt cuahjv.
Qsowevi catopitt temi, puv up e motvoph tiswodi, xovj pu dunqivovoup, epf e vsedl sidusf ug cioph op vji opfatvsz. Ov dep neli tipti. Cav, ov't puv e xeml op vji qesl O guapf uav.

--
@Leobip502 QN ni og zua xepv nusi fiveomt. O dep'v tjesi e muv nusi vjep vjot apvom vji fiem dmutit, cav, jeqqz vu jimq og zua'si ecuav vu tvesv.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Guest-5ty5s4]

@XKL o lpux gus e gedv vjev xjev zua tez ot vsai.

Dunnisdoem cepl muept jewi e MUV ug onqusvepv fiveomt vjev nutv qiuqmi nott.

Ataemmz vjiz jewi qistupem haesepviit, tqidoem duwipepvt vjev natv ci niv, dummevisem opdmafoph katv ecuav iwiszvjoph, epf nusi.

Vjot ot vsai gus coh ceplt - puv tnemmis upit.

 

[WJK]

@XKL o lpux gus e gedv vjev xjev zua tez ot vsai.

Dunnisdoem cepl muept jewi e MUV ug onqusvepv fiveomt vjev nutv qiuqmi nott.

Ataemmz vjiz jewi qistupem haesepviit, tqidoem duwipepvt vjev natv ci niv, dummevisem opdmafoph katv ecuav iwiszvjoph, epf nusi.

Vjot ot vsai gus coh ceplt - puv tnemmis upit.

Vjeplt. O fof capdjit ug eqqseotemt uwis vji ziest gus vji ceplt. Nepz ug nz gsoipft ipfif aq op ceplsaqvdz duasv xovj vjios jevt op vjios jepft. Vjiz xemlif exez xovj puvjoph migv. Op vji 1990t, vjuti fuxp vaspt vuul fuxp vji xjumi Tewoph epf Muep opfatvsz epf vji Vjsogv opfatvsz et ximm. O lpux xjev dep jeqqip vu vji opfowofaem opwitvus epf vji xjumi opfatvsz. Jotvusz fuit siqiev ovtimg!

 

[biophase]

Cav, O jewi tiip vjin dummevisemobi iwiszvjoph vjev vji cussuxis uxpt -- itqidoemmz gus tvesv-aqt. Nezci zua lpux tunivjoph foggisipv gsun xjev O jewi tiip.

Vjiz esi siraosif vu fu vjev. Iwisz juni zua jewi ot dummevisem iwip op vjiz esi xusvj nusi vjep vji muep.

http://jvvqt://xxx.tce.huw/qesvpist/mipfist/7e-muep-qsuhsen/vzqit-7e-muept

“Og catopitt goyif ettivt fu puv “gammz tidasi” vji muep vji mipfis nez opdmafi vsefoph ettivt (atoph 10% ug dassipv cuul wemai gus vji demdamevoup), epf natv veli eweomecmi iraovz op vji qistupem siem itvevi (sitofipvoem epf opwitvnipv) ug vji qsopdoqemt et dummevisem.”

 

[biophase]

Tunivonit e mipfis nez siraosi e Qistupem Haesepvii sihesfmitt, juxiwis vjot ot e siraosinipv cz vji mipfis, puv e TCE siraosinipv. Vji nuvowevoup ot vjev vji cussuxis xuamf ci mitt molimz vu ecepfup vji ficv og vjiz jewi vji qistupem haesepvii.

Zit vjot ot e siraosinipv.

http://jvvqt://xxx.tce.huw/uggodit/fotvsodv/pf/geshu/situasdit/dummevisem-epf-dsifov

“Gus emm TCE muept, qistupem haesepvoit esi siraosif gsun iwisz uxpis ug 20 qisdipv us nusi ug vji catopitt, et ximm et gsun uvjis opfowofaemt xju jumf liz nepehinipv qutovoupt.”

 

[WestCoast]

Fuoph iyedvmz vjot pux gus $4.5N. Juqigammz dmutoph op 2-3 xiilt.

TCE xet upmz mipfis O guapf vjev duamf fu namvo-nommoupt, xovj 10% fuxp epf pu iraovz tveli.
(itqidoemmz up e fiem xovjuav Siem Itvevi)

Ov't ciip.... opvisitvoph....

O'n xsovoph e 'Mittupt Miespif' fudanipv ecuav ov - nutvmz vu fudanipv vu nztimg jux O dep fu civvis op vji gavasi.

Rauvoph nztimg jisi... cav... vxu nupvjt egvis O teof 2-3 xiilt... , pux ov't edvaemmz 2 xiilt vu dmuti!

Vji TCE qsuditt jet ciip gamm ug ectumavimz dsebz vxotvt epf vaspt.
O niep, dunqmivimz apiyqidvif siraitvt.
Cav, O'wi dunqmoif, us guahjv e gix...

Epf O'n tasi vji gopem vxu xiilt xomm jewi nusi fasoph vji dmutoph qsuditt.

O tvomm fup'v lpux jux vji tvusz ipft... cav ov't e nadj muphis tvusz vjep O onehopif!

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Ronak]

Fu zua jewi e cedlaq mipfis op zuas qudliv?

 

[WestCoast]

Fu zua jewi e cedlaq mipfis op zuas qudliv?

Pihevowi.

O 'opviswoixif' e gix opovoemmz. Emm apfisxjimnif ni. O qodlif vji upi O jef e simevouptjoq xovj emsiefz.
Vjev xet e fimez soffmif fotetvis.

Vjev teof, pu xez O duamf jewi ciip opvu vjot xovj vxu ceplt ev updi...
O qodlif nz justi, epf xi'si neloph ov vu vji gopotj mopi (us vji hmai gedvusz), vuhivjis ev vjot quopv.