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Can the subject property be owned personally and leased to the business?

April 26, 2017Business leased personally Property Subject

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Can the subject property be owned personally and leased to the business?

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Posted

Yes. In addition, the ownership in the real estate does not have to be the same as the ownership of the business, but a guarantee by the business and the property owners will be required. In addition, the buyer/borrower does not have to have any ownership in the business, but the business and any 20% owner of the business must be a guarantor on the SBA loan.