All owners,regardless of percentage of ownership,are required to personally guarantee SBA loans.

Name: All owners,regardless of percentage of ownership,are required to personally guarantee SBA loans.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

SBA loan guarantee requirements vary based on the size of the loan and the specific SBA loan program. Generally, for loans under $350,000, the SBA requires all owners with more than a 20% stake to provide a personal guarantee, but this can vary with larger loans and different programs.

All Owners,regardless of Percentage of Ownership,are Required to Personally Guarantee