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True - to the extent that you have personal collateral, the SBA will make you pledge it to secure the loan. Look in the SBA website and try to find a preferred sba bank - it will make the approval and paperwork process somewhat smoother. If you can qualify for a standard bank loan without the SBA though, it will likely be far less aggravation and a better rate.
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1957 Speedster, 1965 356SC, 1965 356SC Outlaw, 1972 911T, 1998 993 C2S, 2018 Targa 4 GTS, 2014 Cayenne S, 2016 Boxster Spyder, 2025 Ranger Raptor
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