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According to the SBA weekly lending report, so far in 2023, most SBA CAPLines have loan amounts between $350,000 and $500,000 (14.3 percent) and $500,000 and $2 million (54.5 percent). The bottom line
The SBA works with approved lenders to back the loans. As a result, these loans typically require additional documentation not required with conventional loans, including SBA-issued forms.
SBA loan types cater to different business needs. In the 2023 fiscal year, 10,194 SBA loans were used to fund new business ventures ... Any SBA forms, like Form 413, which are specific to the type ...
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
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This will require extensive documentation, including personal and business financial statements, a business plan and SBA-specific forms, such as SBA Form 413 and 1920. Most SBA loans also require ...
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