Enterprise-asset security remains disqualifying for the borrowed funds on that basis even when personal assets also secure the loan.
Read the complete security package
Do not assess only the personal guarantee while ignoring business collateral. Borrowing secured solely by personal assets or unsecured personal borrowing may qualify under the other investment conditions. Identify the actual funds, commitment and enterprise cost; E-2 has no universal minimum that makes the loan structure irrelevant. Keep financing analysis separate from official fees.
Non-refundable deposits, equipment purchased, leasehold improvements paid for, the lease signed and rent paid, licensing and incorporation costs, staff retained and paid, and working capital transferred into the business account are all genuine commitments and all are evidence. Build the number from the transaction itself - purchase price, inventory and equipment, deposit and lease costs, licensing, fit-out, insurance, and enough working capital to carry the business through its first slow months rather than only to the day of closing. Independent valuation and due diligence on a contracting business, legal work on the purchase agreement and the ownership structure, accounting review of the seller's records, and any environmental or licensing checks the trade requires are all real expenses incurred before the outcome is known.