SBA Loan Pre-Approval in Business Acquisitions

SBA Loan Pre-Approval in Business Acquisitions

In the competitive landscape of small business acquisitions, prospective buyers constantly seek tools and strategies to distinguish themselves in the eyes of sellers. One such strategy involves obtaining a pre-LOI (Letter of Intent) SBA loan pre-approval, or more precisely, a pre-qualification letter. This document, often misunderstood as a guarantee of future funding, can play a…