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> Small Business Loans are the #1 way that people start businesses in this country (no one Angel invests in a hot dog stand Even if SBA loans are the number 1
by anamax 17y ago
> Small Business Loans are the #1 way that people start businesses in this country (no one Angel invests in a hot dog stand
Even if SBA loans are the number 1 way people start biz (Canada isn't the US), they're not the way people start biz that have new products or services.
No, you can't repossess the rent paid by a hot dog stand or its inventory, but a hot dog stand is fairly low risk. We know that people will buy hot dogs, so the only question is whether the applicant can manage to not screw up the cooking, can sell, can manage, and has a decent location.
Quora isn't going to get an SBA loan.
And, while I like hot dogs as much as the next guy, Quora and its ilk make a bigger difference.
There doesn't seem to be any shortage of the sort of things that the SBA funds.