Avoid Debt and SBA Loans: Dave Ramsey
Description
Small businesses are being hit hard by the COVID-19 crisis. If you or someone you know is a small business owner, you may be tempted to take out a Small Business Administration (SBA) or Paycheck Protection Program (PPP) loan to stay afloat. But taking this “free” government money is a BAD idea—because it’s debt you have to pay back.
In this episode, Dave Ramsey, Ken Coleman and Daniel Tardy explain why you should avoid SBA loans and how you can be a strong leader today. Instead of going into debt, it’s time to get creative and pivot your product, preserve your cash, and protect your people.
No matter where you are, hope is here: https://www.daveramsey.com/store/hope
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