“It should not be surprising that the program is operating in the red, given the current economic environment, the recent reductions in SBA fees charged to borrowers, and the elimination of many guardrails by the previous administration.”

“I would argue that it would be a mistake to drop a project just because you won’t be able to measure its impact definitively.”

“Every lender has different credit policies and levels of experience and expertise with the SBA program. And every one of those borrowers comes to the table with a different story and level of financial health and sophistication.”

“ My client is is highly risk-averse and has never had debt before. He does not like the idea of owing the bank money, and he is petrified of putting a lien on his house.”

“We learned how to support each other and function better as a team. We learned how to stay true to our core values – even when the going was tough. We did what we needed to do.”

“It’s not supposed to be easy to get a loan. To cope with a once-a-century pandemic, the government deliberately stripped out many of the traditional checks and balances in the EIDL program and made changes to the SBA program. And now, many business owners are at risk of defaulting.”

“Our relationships with our banks often fit into the I-got-complacent category. It’s worth checking on it.  There’s a good chance you are leaving cash on the table.”