How do I Know What the Bank Will Lend Me?

[@kylehoorn5192]

David you are awesome sir. Thank you for sharing so much great info.

[@DavidCBarnett]

You are very welcome

[@LionelJohnston]

Great insights here, David.

[@DavidCBarnett]

thank you.

[@wassim4460]

Do you know if there are ways for Canadian citizens to finance a business acquisition in the USA? (SBA, Traditional Bank Loans, ...)

[@DavidCBarnett]

Normally, for this to happen there would have to be sufficient collateral in the USA to fully cover the loan. Ie a Canadian company with a US subsidiary that wants an SBA loan to buy a building could pull it off as the building would be the collateral. Business acquisition would be tougher if there was a lot of goodwill in the target business, but maybe a lower LTV loan might work. You'd have to speak to an SBA funding specialist that is familiar with the rules regarding non-residents.