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SEDA-COG SBA 504 Blog

SBA 504 Loan Assumptions

by reichard on Tuesday, March 31, 2015 2:00 PM

Last week I talked about the prepayment penalty for SBA 504 loans.  For borrowers looking to sell their business or the assets financed through an SBA 504 loan, one way to avoid having to pay the prepayment penalty is to have the buyer assume the loan.  This week’s blog talks about the qualifications and criteria for an SBA 504 loan to be assumed by another borrower. - more

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