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Re: The Cheap Investor post# 49618

Saturday, 12/10/2022 6:31:10 PM

Saturday, December 10, 2022 6:31:10 PM

Post# of 60875
Yes, there criteria for SBA loans including revenues, time in the business, likely credit worthiness, and prospects for the future. There is a detailed analysis. Companies should not expect a receive a loan just for the asking and should be prepared for the evaluation.

Women owned businesses sometimes find programs to help women succeed in business and for all practical purposes HIRU is a woman owned business. Some detractors here may be that HIRU does not seem to have a BOD, a finance controller, and business manager, aside of the CEO and President. Current on financial reporting would be a plus.

I do not communicate with the company and expect she is too busy to check things out but may feel the company cannot afford the additional help at this time.

The most important of the criterium is like the financial audit; no "trust me" allowed.