B
bushrle
Guest
I am considering leasing a business (mini market). The business has been closed for two years, no payments have been made on the loan, it is a sba guaranteed loan. the loan has been placed in their asset loan program to be sold at auction in June. The owner of the business seems to think we can go ahead and open up the business, but I am investing $30,000 and taking second mortgage on my house to do this. I am concerned about the outcome of the sba loan sale. Can we be shut down by the new owner of the loan?