How to Build a Portfolio of 20 Franchise Locations
Acquiring Minds
00:00
The Difference Between SBA and SBA Loans
If you miss either of those covenants, which are tested every quarter, then you're technically in default. The bank doesn't necessarily jump down your throat right away and say, oh my god, we're going to go claim your house or use our personal guarantee. They don't want to do that. But it does give them some leverage to say, hey, fix this or else sort of thing.
Transcript
Play full episode
