Forum Thread

is it harder to get a small business loan?

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  • JFoster
    2021-03-24 05:52:59 PM
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    I've long considered starting up a business one day. Certainly wouldn't be doing that right now. I was curious, is it harder to get a small business loan these days? I reckon it would be. Also, does your location play a role in what types of small business loans you can get?
  • bryce28
    2021-03-24 10:40:40 PM
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    If you are looking to get an SBA loan, goooooood luck. I tried and it's basically impossible unless you already have a business, which makes zero sense. It's a maddening process. Again, luck to ya.
  • J.K.Logic
    2021-03-30 08:47:43 PM
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    bryce28 Wrote: If you are looking to get an SBA loan, goooooood luck. I tried and it's basically impossible unless you already have a business, which makes zero sense. It's a maddening process. Again, luck to ya.
    Yeah that's true. They are oddly designed only for small businesses that already exist, so those businesses can continue to float themselves into profit years, or expand. But not setup well at all for those looking to fund their first venture.
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