Are SBA Loan and Business Finance Programs Difficult?
There are usually two business finance schools of thought about getting a Small Business Administration loan to buy a business: (1) Avoid an SBA loan at all costs. (2) Use an SBA loan whenever possible. These conflicting viewpoints are due to a commercial mortgage business loan process that is perceived as complex and difficult by many commercial borrowers. In reality Small Business Administration loan programs are more practical than they often appear. It is critical to the success of an SBA loan program to be working with a business financing advisor and lender that is proficient at this difficult commercial mortgage process. There are many potential business loan problems to avoid when attempting to obtain an SBA loan, and very few lenders are skilled in this business finance area. Can an SBA Loan and Commercial Mortgage Be Refinanced? One of the major drawbacks of a Small Business Administration loan has historically been the difficulty of refinancing later. Recent developments hav
