Comment on FR Doc # 2011-31658

Document ID: SBA-2011-0023-0004
Document Type: Public Submission
Agency: Small Business Administration
Received Date: December 27 2011, at 12:00 AM Eastern Standard Time
Date Posted: January 24 2012, at 12:00 AM Eastern Standard Time
Comment Start Date: December 9 2011, at 12:00 AM Eastern Standard Time
Comment Due Date: February 7 2012, at 11:59 PM Eastern Standard Time
Tracking Number: 80f89b48
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I've been trudging through the regulations, process for application and assorted documents regarding this program, and it seem we MAY qualify, but the terminology is so onerous, I'm not really sure. Isn't there a way to make this more user friendly, so we can actually determine if it's a good deal for young technology companies like mine? Also, do I understand it correctly that we have to pay a $25,000 fee to apply? Seriously? Most of us don't have $25,000 which is why we're applying for a loan in the first place. On that note, can you explain in layman's terms exactly what the payment terms are, such as if I was applying for $1M in funding? I think you guys forget that many small technical businesses are started by technicians, not lawyers and bankers. Your terminology is extremely hard to decipher. Thanks.

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