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  2. SBA loan statistics: Top SBA lenders by state - AOL

    www.aol.com/finance/sba-loan-statistics-top-sba...

    State. Total SBA amount funded in state. Top 5 SBA lenders. Alabama. $287 million. Live Oak Bank ($35.02 million) Synovus Bank ($20.74 million) Newtek Small Business Finance, Inc. ($16.91 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 statistics: Top lenders - AOL

    www.aol.com/finance/sba-loan-statistics-top...

    Amounts accurate for fiscal year 2023, ending September 30, 2023. For the 2023 fiscal year, SBA 7(a) lenders approved over 57,362 loans for a total of $27.5 billion in small business loans ...

  5. 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

  6. What is the SBA weekly lending report and how does it work? - AOL

    www.aol.com/finance/sba-weekly-lending-report...

    Bankrate insight. Check out our guide for more information on SBA 7(a) vs. SBA 504 loans.. Top SBA 7(a) loan amounts. Although there were only around 48,000 approved applications in 2022, the 2023 ...

  7. 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 ...

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