Q+A: True-Ups in SBA Loans Are Allowed

Answering a question raised during the session, Heather Endresen puts a stubborn myth to rest. Plenty of people believe true ups are not allowed in SBA deals, and she wrote a blog post to prove otherwise. Here she explains how the post close true up works and the drafting detail that keeps it inside SBA rules: the agreement describes a change in the assets delivered, not a change in the purchase price.