You know you’re going to need a business loan sometime soon. You may even have heard that the SBA, having raised its lending cap for the year, is back in the financing business again. But is an SBA loan right for you? Would you be better off trying for a bank loan? Or one of the countless sources of alternative financing? And while you’re trying to run a business that already has you working late every day, how will you ever find the time to figure it out?
We can’t answer the first three questions, but we can provide help with the last one, courtesy of Jim Salters, president of The Business Backer, a small business funding provider based in Cincinnati.