Now that it finally has a permanent chief in place, critics of the U.S. Small Business Administration have fired up their war drums. The loudest banging came from Senator Jeff Sessions who called the agency’s lack of proper risk management a “moral hazard.” The senator claims it allows banks to profit from loaning money to high-risk applicants, while “taxpayers shoulder the cost of the default.” So is it true? Will the SBA insure loans to any borrower with a heartbeat… Read More
An update on PPP Financing Availability — The SBA has stopped accepting applications for PPP financing. See your other financing options with Nav before ever filling out an application! See your options.