Every entrepreneur should learn about the SBA, which I often call the best-kept secret in government. And while there are many uses for SBA loans, an everyday use is for buying a company.
So, how does this apply to you?
If you think that you will sell your company one day to a buyer who will use an SBA loan, you need to be armed with knowledge of the program. Whatever the buyer represents about the program's limitations may or may not be accurate.
And likewise, if you are considering an acquisition today or in the future, you should understand what is possible with the program.