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A comment on What it's like to bootstrap a business before it can financially support you. Parent comment

Re:What it's like to bootstrap a business before it can fina... by o-__-o on Wednesday December 25, 2019 @12:01AM (#21876920)
Local bank offered $250k on a 3.8% APR. SBA offered $110k on 8% APR. bank loans aren’t that bad in a low interest rate environment.. SBA has a much more flexible repayment plan tho

Plus once you’re in profit, your loan frees up capital for growth.

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