Originally Posted by Minte

I can tell you from recent experience how difficult it actually is to even get a low interest loan from the SBA. We had qualified for an SBA504 loan to add a large addition to our main plant. After nearly 4 months and a mountain of P&L's,Proforma's,balance sheets,personal loan guarantees.etc,etc,etc we were told now we would start the next phase. I shit canned the plan and went directly to the bank. A 20 year loan at under 5% and the entire process took a few days over a month.

The really disappointing thing about the SBA was that they had recent bond issues and have several hundred million dollars that no one is using.