Balanced Perspective on SBA 7a program

Most advice about SBA 7a loans is either too optimistic or too cynical. This article by AJ Wasserstein and Heather Endresen stands out as a no-spin introduction and evaluation. It doesn't sell you on a dream or scare you away - it just lays out how SBA 7a loans really work for individual business buyers. Article here - https://som.yale.edu/sites/default/files/###-###-#### /Exploring%20and%20Understanding%20the%20U.S.%20Small%20Business%20Administration%207%28a%29%20Loan%20Program.pdf One takeaway - people often talk about the government guarantee as the biggest benefit, but don't sleep on the 10-year term or the lack of any financial covenants. Those offer substantially better flexibility than conventional loans. If you haven't read "On the Nature of Debt", I'd highly recommend that as well - interest rates shouldn't be the primary factor in selecting your lender. Have a read, and let me know what you think!