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Can the new business owner make payments on the loan?
Tu Duong avatar
Written by Tu Duong
Updated over a week ago

Absolutely! We understand that any authorized representative associated with your business is free to initiate loan payments. It's essential to note the significance of arranging repayment details for the loan balance before finalizing a sale or purchase involving a business linked to a SAPI loan.

In cases where the loan remains unsettled during a sale, and the business starts processing transactions through a new SAPI account post-sale, the repayment rate might be directed towards the sales within the new SAPI account until the loan is completely repaid.

To include the new account as a contributor to your business's loan, feel free to reach out to our friendly SAPI Loans Team. We are readily available to provide guidance and support as needed. Your satisfaction is our priority, and we're more than happy to assist you in any way possible.

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