The New York Times, June 19, 2012
The Three Biggest Myths About the S.B.A.
By: Ami Kassar
I want to share with you what I consider to be the three biggest myth about the Small Business Administration. But let me be clear: I am a big supporter of the S.B.A. My company, MultiFunding, brokers loans, and we put about 25 percent of our clients into S.B.A. loans. I think it's a good program with a lot of eceonomic benefits. It's also terribly misunderstood by many of the small-business owners we talk to.
So let's debunk some myths.
- The S.B.A. Lends Money.
- When the S.B.A. Guarantees a Loan, There is No Need for Collateral.
- S.B.A. Loans Are as Easy to Get as Other Commercial Loans.
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