For many small-business owners that are on an access-to-capital journey, the thought of pursuing an SBA (Small Business Administration) loan has no doubt crossed their minds. Some may seek out SBA loans, but for many the SBA process can seem daunting and overwhelming.
The SBA was formed in 1953, and at the time the paperwork and process requirements were arduous. However, over the past decade SBA has taken numerous steps to modernize the programs and make them more accessible for small-business…