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June 15, 2006
5 Pointers for Obtaining a MedSpa SBA
Many people think a SBA (Small Business Association) loan is a low interest, non-collateralized loan issued by a government agency. In reality, a lending institution actually makes the loan to you, with the SBA guarantying a portion of it. The SBA limits its guarantee to loans over $150,000 to 75% of the loan value, so the lender is still on the hook for 25% of the loan if it goes into default. The primary benefit to a SBA backed loan is that the lending institution probably wouldn't have done the loan
From 5 Pointers for Obtaining a MedSpa SBA
Posted by Ken at June 15, 2006 10:51 AM
