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07-21-2024, 12:31 AM #1
Reputation points: 4283
- Join Date
- Dec 2023
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Understandable, I was just saying your statement as an absolute (non-bank SBA lenders do, bank SBA programs don't) wasn't accurate and that taking personal property (real estate, typically) is fairly common. Whether a particular lender will settle for _only_ taking personal property as primary collateral on a given deal would be up to their own policies and judgement call. But I've funded SBA deals at a large regional bank with a primary residence as primary collateral, so from firsthand experience it definitely occurs.
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