1. Home
  2. News & Issues
  3. US Government Info

Readers Respond: How did you successfully invest your small-business loan?

Responses: 3

By , About.com Guide

If you have ever gotten or applied for an SBA-backed loan, you probably have lots of experiences and advice to share, so let it rip! Share Your Advice or Tips

Look out for ridiculous clause

We have been paying back our SBA small business backed loan for over 11 years and have about three and a half years left to pay it off. Due to our present business needs we wanted to refinance including paying off the present loan but the SBA refused to back it. You can refinance a loan with any private bank but this goverment office, created to help small business, will not allow you to do the same with an SBA backed loan! This is totally incomprehensible and ridiculous!
—Guest John Lazzarino

good luck

arc loan just smoke and mirrors plus each lender adds their own stipulations dont waste energy until this program has some teeth
—Guest marcody

Yes, But

I'd reccomend that people keep in mind that not all sba lenders are the same. Lending guildelines from one source to the next vary greatly. Jeff http://www.cfa-commercial.com
—CommercialFinance

Share Your Advice or Tips

How did you successfully invest your small-business loan?

Receive a one-time notification when your response is published.

Explore US Government Info

About.com Special Features

Holiday Central

What to eat, where to go, fun things to do and how to save money on the perfect gifts. More >

Weird Breaking News

A daily look at some of the oddest (and dumbest) crimes around. More >

  1. Home
  2. News & Issues
  3. US Government Info
  4. Business and Money
  5. Reader Tips and Experiences with SBA Small Business Loans>

©2009 About.com, a part of The New York Times Company.

All rights reserved.