Take a minute and imagine that you just purchased a new business in February of 2020.  When you did it, you choose to finance the business with a five-year note instead of a ten-year note.  You didn’t like the idea of having debt -and you wanted to get it over with.  You decided to stomach the bigger payments.

And then – the unexpected happened – Covid hit and your business changed for the worse in unimaginable ways. You wished you had made a different financing decision.

Financing strategy is always about playing offense and defense.  And that’s why I often encourage entrepreneurs to think about using the SBA – to buy themselves the flexibility of 10-year money – especially with no pre-payment penalty.

Want to learn more about how you can take advantage of the SBA to help you with your business?  Join us for an SBA ignite session at noon EST today or sign up for on-demand learning here.