Good news today for small business owners as President Barack Obama freed billions of dollars to help the nation’s small businesses.
I am a big fan of the SBA and of course, small business success, but I recommend we tread cautiously with this renewed liberation of credit.
For those of you who know me or have been following my comments over the years, I advocate that business not use loans to fund working capital.
It’s great that we now have the opportunity to fund growth in our businesses, but the working capital we think is in an SBA loan is actually in our business.
I have made a career of developing operational accounting methodologies that allow business to re-engineer itself, thus generating necessary working capital, where I imagine the SBA not liking my advocating no loans, but it is for the best.
Be very careful with business loans.
Read more at: Yahoo.com