Congratulations on getting the loan paid down to where it’s at today! I am in a similar situation dealing with an 11% SBA loan. We are just gritting our teeth and working to get the last $170k paid off in the next 6 months to a year.
It’s already been echoed, but I am thankful for the SBA loan as it has helped me get to where I am today without significant cash out of pocket. With that being said, the 11% makes me sick and we are aggressively paying it off.
Congratulations on getting the loan paid down to where it’s at today! I am in a similar situation dealing with an 11% SBA loan. We are just gritting our teeth and working to get the last $170k paid off in the next 6 months to a year.
It’s already been echoed, but I am thankful for the SBA loan as it has helped me get to where I am today without significant cash out of pocket. With that being said, the 11% makes me sick and we are aggressively paying it off.