Government-backed loans offer benefits for lenders as well as owners. Lenders that work with the SBA don’t have to worry as much about whether the business owner will be able to make the payments since a portion of the loan is guaranteed by the government. This makes it less risky for lenders, which could, in turn, make it easier for owners to secure loans. Owners also get favorable terms on SBA loans, such as lower down payments and long repayment terms, which means lower monthly payments.
Mary Kovac Goldberg (Parrino)
Head of Customer Success
Mary has over 25 years of experience in sales and customer engagement, including more than a decade at Thomson Reuters. She is the former head of client services at Complinet, a global compliance and risk software company that was acquired by Thomson Reuters, and led account management for over 15 years at NYSE/Sector’s outsourcing services division. Mary has an MBA in information systems from Pace University and a bachelor’s of science in computer science from Hofstra University.