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Business Sold or Closed FAQs
We know running a business is hard work, and there may come a time when you want to sell or close your business. Here is what to expect if you are planning on closing or selling your business and your business has an outstanding loan through SAPI.
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Providing documents
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Alternative repayment options available for sold businesses
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Repayment options
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If you’ve Sold or Closed your Business
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Selling or Buying a Business that has a loan through SAPI
Before selling or buying a business that has taken a loan through SAPI, be sure to make arrangements for the business to repay the loan balance at the time of sale.
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