Will An SBA Guaranteed Loan Require That I Pledge My Personal Residence As Collateral

My SBA Loan Pro Podcast - A podcast by Ryan Smith

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Not every individual obtaining an SBA guaranteed loan is required to pledge their personal residence or any other real estate owned as collateral. However, banks, credit unions and non-bank lenders are required by the SBA’s Standard Operating Procedure manual to take the applicants personal residence or other real estate owned as additional collateral on non-real estate loans where there is a shortage of collateral. If you liked this content, let's connect on social media: Instagram: ⁠⁠https://instagram.com/mysbapro ⁠⁠ Twitter: ⁠⁠https://twitter.com/mysbapro⁠⁠ LinkedIn: ⁠⁠https://linkedin.com/in/ryanpatryck⁠⁠ More ThinkSBA Resources ⁠⁠⁠https://calendly.com/thinksba⁠⁠ - Schedule Call ⁠⁠https://g.page/thinksba⁠⁠ - Google Business Page & Reviews ⁠⁠https://thinksba.com/faq⁠⁠ - Frequently Asked Questions ⁠⁠https://mysbaloanpro.com⁠⁠⁠ - My SBA Loan Pro Podcast ⁠⁠https://youtube.com/@thinksba⁠⁠ - YouTube Channel