LOL Do you really think that everyone who meets the criteria and applies for a SBA loan actually receives it? You also have to have the most important part...an actual bank that is going to pony up the money along with the government. "Keep in mind that SBA doesn’t fund these loans directly to small business owners, but banks receive a guarantee that the SBA will repay a portion of the loan if you default on payments." For each of my SBA loans, the government SBA portion is only a small part of the total loan that has to be approved by an actual bank who thinks it is a safe loan to give out. I've been turned down for SBA loans during the recession because I could not find a bank willing to step up to the plate. Once again, a CEO self-funding the company is a very positive sign even if it is at a 12% interest rate. How do you expect him to get paid on the loan if the company goes bankrupt? He is sticking his neck out and deserves at least as much as nice safe mutual funds have been returning!
News 
Market Data 
Discover 
