It all depends. There are cases in which a partner helps, there are cases in which a partner isn't but the seed of a future obstacle.

One tip though; if you lease equipment instead of financing it, it doesn't show up at all in your credit report. That's the only advantage to leasing I've been able to find since I first heard about leasing about 15 years ago.

Alex


>I know they they traunche the debt (like FNMA) and issue bonds. The choice is, as always, partners or debt service. Thanks for the follow up.
>
>>Yes, Terry, that's how they work. They review your application and if they determine that you're not a risk, they'll guarantee the loan, which means that lenders will hopefully give you the loan.
>>
>>Did you check out SCORE?
>>
>>Good luck!
>>
>>Alex
>>
>>
>>>Thanks - I did check a site, CIT.com; and the SBA site. It seems a lot of SBA services go through secondary lenders!
>>>
>>>>Hi Terry,
>>>>
>>>>The SBA has a not-that-well-known spin-off (don't know if that's the right term) called SCORE, comprised of retired executives that donate their time and expertise.
>>>>
>>>>You might want to tap this resource for advice.
>>>>
>>>>Also, if I understand correctly, the SBA doesn't make the loans per-se, but rather guarantees them.
>>>>
>>>>Good luck!!!!!
>>>>
>>>>Alex
>>>>
>>>>>Some associates and I are looking to fund a venture. We have a plan. We have some collateral. We have had some experience with VCs, but are considering [looking into] an SBA loan.
>>>>
>>>>>Does anyone here have an SBA experience they can share?
>>>>>
>>>>>Terry