AmiSight 9/18: Watch Out for Bait-And-Switch Lending Tactics

Many online ads suggest they’ll help you secure an SBA loan. But often, that’s just the hook. Once you engage, the conversation quickly shifts to expensive short-term loans that are faster and easier to close.

It’s important to understand the difference. An SBA loan takes time, paperwork, and patience—but when it closes, the terms are usually far more favorable for a small business. Short-term money may seem like a quick fix, but it can create long-lasting financial strain.

Before you sign, always confirm whether the lender is truly committed to helping you secure an SBA loan—or simply trying to upsell you into something riskier.

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