“Business loan” is a term we know all too well after the pandemic. According to HudsonValley360, the Small Business Administration immediately announced up to $2 million in business loans in the wake up the crisis in March 2020, which snowballed into an estimated $296 billion by April 2020. Those loans have continued to roll out as conditions have continued. But even pre-pandemic, business loans have been a resource for many businesses facing significant financial hardship, or needing help getting off the ground.
