People complain that securing an SBA loan is too difficult.  There are many factors at play, here we consider the impact of a Borrower’s Business Experience on their qualifications. In the early part of the past decade, as the economy grew at astronomical rates, the rate at which business bank loans went bad shrunk to and hovered at minuscule levels.  Once this failure rate was super low for too long, enforcement of the experience criterion became … Read entire article »