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meanwhile the SBA is currently loaning money at 3.7 percent under the Coronavirus disaster relief initiative. Must be nice to get an almost interest free loan a
by lgleason 7y ago
meanwhile the SBA is currently loaning money at 3.7 percent under the Coronavirus disaster relief initiative. Must be nice to get an almost interest free loan as a large company while use little people have to pay through the nose.
- dcftoapv 7y agoI misread this comment; my bad.
- bjacokes 7y agoYou seem to be misreading the parent comment. It isn't complaining about small businesses getting loans, it's complaining about them having to pay a higher interest rate than large corporations. (Presumably the reasons for that are a combination of the corporations being "too big to fail" and their loans being collateralized.)
- dcftoapv 7y agoYeah, you're right. I didn't think any sane person that's eligible for an SBA loan would be complaining about a 4% interest rate. Private unsecured small business loans run like 20%.