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New Member
posted Jun 27, 2022 6:40:17 AM

What form is used when you have an SBA creditor standby letter for 10 yr balloon payment?

Won’t receive funds for 10 yrs

0 2 638
2 Replies
Level 15
Jun 27, 2022 8:23:18 AM

please clarify, how does this relate to income taxes? 

New Member
Jun 27, 2022 8:42:20 AM

I sold my business and I am trying to figure out what form to use to show that I won’t receive 250k for 10 yrs. The buyer went through the SBA and required 205k be on Full Standby for 10 yrs.