If you plan to start or expand a business, chances are you’ll need to seek funding. In a 2015 study by Bank of America, 24 percent of entrepreneurs indicated they intended to seek a business loan within the coming year. Many of those would apply for an SBA loan through an approved lender. But what is the current climate for SBA lending?
“Bipolar,” says Ami Kassar, CEO of MultiFunding, a company that helps businesses find financing. “If you’ve got great credit, cash flow and collateral, lenders will jump to give you a great loan at an awesome interest rate.
