“Of course, then the reality sets in: Are the ready and willing to leverage their houses, or should they try to get investors? This is a challenging and personal decision.”

“Remember, a prime benefit of an SBA loan is that you get 10 years to pay it back. And because SBA loan rates are variable, they could go down over those 10 years. Of course, they could also go up.”

“There’s no right answer. The most important lesson here is that there is almost always more than one option when it comes to financing.”

“Many entrepreneurs start with integrity, but when they see an opportunity to grow faster and bigger, that integrity starts to fade and even bleed.”

“What borrowers need to realize is that the time may come when they need to borrow money again. Under the terms of the EIDL loan, the SBA has a lien on the business. “

“If delinquencies rise, the entire SBA program, which currently runs with zero government subsidy, could be put at risk. That would damage lots of other small businesses—not to mention our economy.”

“Because fintechs made a killing on PPP loans, the notion has spread that they could repeat that success under more normal circumstances. They can’t and won’t. “ Ami Kassar CEO, MultiFunding