Sounds like a great scam, if you aren't one of us taxpayers. The SBA backing puts taxpayers on the hook for up to 75% of the cost in the case of default. The Bank, ends up with a piece of property for .25 cents on the dollar. Thank you, me and the rest of you taxpayers. These things are sprouting up everywhere. Solyndra anyone?
Sounds like a great scam, if you aren't one of us taxpayers. The SBA backing puts taxpayers on the hook for up to 75% of the cost in the case of default. The Bank, ends up with a piece of property for .25 cents on the dollar. Thank you, me and the rest of you taxpayers. These things are sprouting up everywhere. Solyndra anyone?
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