Can an SBA Loan Be Used to Buy a House?
September 7, 2009 · Posted in News For Homebuyers
Here’s a good question posed by carmen25 in Zillow Advice recently:
SBA Loan: can it be used to buy a house?
Carmen explains further about her desire to get a Small Business Administration (SBA) loan:
- Business is paid off.
- My husband owns the business but not the real estate.
- If he were to sell it today, it’s worth $600k.
- Need a loan for $400k.
- Can a SBA Loan be taken out to buy a house?
- Will this be considered an all cash offer for the house?
- What are the guidelines for SBA to be eligible?
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