Hey all, I have an SBA loan for a little over $500,000. My interest is 11.5% with 10 year terms. Majority of my $9,600 monthly payment is interest.

What can I do to lower my interest? I dont know how the government can possibly understand how a small business can survive with such high interests.

Does anyone know of any private lenders? Other banks that will exponentially decrease this?

I’m struggling and November was not a great month for us…

  • ContributionSuch2655@alien.topBEnglish
    1·
    10 months ago

    LOL “I don’t know how the govt can understand how a business can survive this.”

    Get wrekt. The govt doesn’t give a shit about your ATR. You took the loan, you knew the terms, deal with it or refi.

    Fucking participation trophy generation at work. It IS NOT THE GOVT RESPONSIBILITY TO MAKE SURE YOU’RE OK.