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Can the new business owner make payments on the loan?

SAPI Team
SAPI Team
  • Updated

Certainly, we understand that any authorized representative affiliated with your business is welcome to initiate loan payments on behalf of the business. It's worth highlighting the importance of orchestrating repayment arrangements for the loan balance prior to executing a sale or purchase involving a business associated with a SAPI loan.

In cases where the loan isn't settled during a sale and the business proceeds to process 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 entirely repaid.

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

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