SBA Loans and the Need for Life and Disability Insurance

Episode 82 – To start, stabilize or expand a business, one of the most common sources of funding has been the U.S. Small Business Administration (“SBA”). SBA loans have many requirements, fees and prepayment penalties. A surprise to many borrowers is the requirement to have life and disability insurance to secure the loan. Your Security Mutual Life insurance advisor can help you determine the best options for your overall personal and business circumstances, and to help ensure you satisfy the loan requirements.