From Our Sponsor: Logan Aguirre isn't sure her business would have made it through the pandemic if she hadn't changed the way she runs the company.
But it might bridge the divide between Main Street and Silicon Valley.
It is possible to get an SBA loan for a projection-based startup. But you need a sound business plan, and you have to be prepared to kiss a lot of frogs and for the process to take as long as nine months.
That means capital is more expensive. But it doesn't automatically mean the expenditures you were considering no longer make sense.
He's making a choice between more control and faster growth. What would you do?
Recently, I was asked whom I considered a “titan of industry.” My answer was Bob, the local mechanic at Maple Glen Auto. The interviewer looked at me dumbfounded and asked why.
There are some misconceptions about the SBA’s disaster loans, and those misconceptions can get you in trouble.
Allowing alternative lenders to make SBA loans is not the answer.
The goal is to get more capital in the hands of under-represented entrepreneurs, but the results could be disastrous.
Ami Kassar explains why he doesn't want to be associated with brands that promote alternative lenders.
