>>23954719 winner
except is like to add one more.
>Foregive SBA COVID Emergency Loans for qualified Small businesses.
<The SBA is ripping off small business & noone is talking about it.The loans are set up so that you have to pay all the interest upfront & if you pay it off early you will still owe the same amount you qualified for.
>Small Businesses are OUTRAGED!!!
<Not one peep…
Yes qualified small business that received the SBA legitimately. There were so many that scammed the Covid-19 SBA Emergency funds to support businesses.
Millions of dollars, possibly billions were stolen from non existing businesses & falsified business information during
the COVID19 era SBA loan money EMERGENCY MONEY.
It was supposed to help small businesses not go out of business.
>But NOW many of them are anyway, 5 years later because the SBA is SCREWING THEM.
>I'M LIVID ABOUT IT!!!
>>23954766 dubs
>I need anons to seriously back me on this SBA BS.
<I'm gonna start raising a big stink and try & get POTUS attention.
>I am now a OUTRAGED owner of a 30 year loan at $731. a month. Even if I sell my business and pay it off, all it will do is pay 30years interest and I will still owe the same amount. SBA is the governments way to hold you hostage for the rest of your life.
>>23954772 agreed!
It's a tremendous unnecessary stress the SBA has put on legit business that had to hang on for dear life during the pandemic.
>Any REAL PATRIOT FEDS on here PLEASE get this topic to the right channels and people. There has recently been a Flux of small business closing. What do you want to bet is because now they can't pay for their SBA loans that were meant to help them.
It's worse than that.
Now figure $731. X 30 years. That's the interest money I will have paid in 15 years. The second 15 years is the actual principle.
$731. a month for 30 years.
This is EXACTLY what the SBA is.
<Usury & Slavery in the guise of help from the government.
>SBA PRECOMPUTATED RIPOFF GOVERNMENT LOAN.
A loan where all interest is paid upfront is typically referred to as a "PRECOMPUTATED INTEREST LOAN." In this type of loan, the total interest is calculated at the beginning and divided into monthly payments, which can be less favorable for borrowers who pay off the loan early.
I have no problem with paying back the SBA money I borrowed to keep my business open during COVID-19, as long as the loan can be restructured. At least!!!
I really need an intervention miracle.
Inflation REALLY SUCKS for small business.
Products go up so its harder to buy, then patrons buy less. Its a vicious cycle. Tariffs have hurt small business & large corporations in thus way. But extreamly so for small businesses.
Also so many large corporations have used Tariffs as an excuse to raise prices.
One of my suppliers did 2 price increases this year. Wholesale
I understand that.
But what I'm trying to tell you is the hurt it has done on small business trying to keep their stores stocked when their wholesale costs go up, they have to mark up their products to sell. It's hard for small businesses to stock expensive retail products. Maybe you don't understand.