Downsides of the SBA 7a Loan?

by a searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business

5 months ago

I am a first-time searcher and looking for the best and quickest option for funding as I have my eye on a business that is getting other offers. I have heard mixed reviews on SBA 7a loans so I wanted to gather the community’s insights!

2 likes
467 views
45 comments

searcher from Stanford University

The personal guarantee is the biggest downside, in my view.

4 months ago | like reply | 1 like

professional from Southern Cross University

SBA could sometimes be a very lengthy process and lots of documentations and certain business types are prohibited. Definitely check out the finer details before going into it.

4 months ago | like reply | 0 likes

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