Avoid Debt and SBA Loans: Dave Ramsey

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By Eric Cieslewicz and Ramsey Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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

If you’re ready to take advantage of our 14-day free trial of Financial Peace, sign up here.

27 episodes