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  2. How to get an SBA startup loan - AOL

    www.aol.com/finance/sba-startup-loan-194343235.html

    How to get an SBA loan to start a business. ... However, sometimes lenders require two years in business, good credit scores and minimum annual revenue requirements. Maximum loan amount: $5 million.

  3. SBA 7(a) loan: What it is and how to apply - AOL

    www.aol.com/finance/sba-7-loan-apply-123539929.html

    Loan type. Maximum loan amount. Maximum guarantee. SBA turnaround time. Purpose. 7(a) loan. $5 million. 75%. 5 to 10 business days. Working capital, equipment, supplies purchases, real estate ...

  4. SBA loan guide: What they are and how to apply - AOL

    www.aol.com/finance/sba-loan-guide-apply...

    SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000

  5. Pros and cons of SBA loans - AOL

    www.aol.com/finance/pros-cons-sba-loans...

    7(a) loans: This loan program is the SBA’s most popular. The maximum loan amount for a 7(a) loan is $5 million. The funds can be used for short and long-term working capital, refinancing current ...

  6. MicroLoan Program - Wikipedia

    en.wikipedia.org/wiki/MicroLoan_Program

    Under this program, SBA makes funds available to non-profit community based lenders (intermediaries) that in turn, make loans to eligible borrowers in amounts up to a maximum of $50,000. The average loan size is about $13,500. Applications are submitted to the local intermediary and all credit decisions are made on the local level.

  7. What is a startup business loan? How does it work? - AOL

    www.aol.com/finance/startup-business-loan-does...

    The maximum loan amount from the SBA is $50,000. Term loans: Term loans disburse funds all at once, making them useful for one-time purchases. You can get short-term or long-term business loans.

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