i work for an SBA preferred lender (non-bank). it never ceases to amaze me how borrowers sign loan documents where the terms are explicitly laid out and then then they complain about the terms after the fact, as if the lender or government screwed them over. the reality is, the SBA loan was their ONLY option to get funding. the big banks would NEVER have helped the majority of these businesses. people today complain about rates incessantly. dont you read the news? did you think rates were ALWAYS going to be 3%? today’s PRIME rate is 8.50%, the bank or lender does not control that. borrowers need to wake up to reality. i have helped so many borrowers get financing when everyone said “NO” to them. it is so frustrating that now we get blamed for giving them a loan because times are tough and they didnt READ the terms of their loan, and somehow thats the bank or SBA’s fault?!?!give me a break! NOBODY put a gun to their head. an SBA loan is not a predatory loan. you are an adult business person that made a decision to sign a loan agreement. dont come crying FOUL because YOU miscalculated and cant afford it now. dont complain for your mistake. you definitely weren’t complaining when you got the money. there are plenty of other smart borrowers that are THRIVING with their SBA 7a loan.