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SBA Loan
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tmrand
Posted 6/15/2020 06:06 (#8316071 - in reply to #8315941)
Subject: RE: SBA Loan



Southeast Colorado
In our case I told the wife if she wanted to mess with it, it was probably worth looking into. She signed us up..............got $1k each for a total of $2k deposited in about a week. At the same time an offer for the $150k showed up in the email. I never looked any further into it. I'm kind of trusting the info I've gotten on here with regards to monthly payments and $25k and up requiring collateral. 30 year notes for daily working capital seem like a trap to me. If you are very disciplined then you'll be OK. I see average folks buying sodas and pizza on the way to the field and then taking 30 years to pay them off.
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