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

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

    The 7(a) Loan Program is the most common SBA loan available since it can be used for a number of different purposes. It offers a maximum lending amount of $5 million. ... SBA (7a) loan fees. When ...

  3. 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

  4. What is the SBA line of credit? - AOL

    www.aol.com/finance/sba-line-credit-202339941.html

    An SBA line of credit is a financial tool offered under the 7(a) loan program. It’s designed to provide small businesses with ongoing access to funds to cover various expenses. One of the ...

  5. Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Administration

    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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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 ...

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

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

    Since the SBA sets limits on interest rates and offers long repayment terms, SBA loans are competitive compared to conventional business loans. The most popular SBA loan programs are the 7(a ...

  7. Business loan - Wikipedia

    en.wikipedia.org/wiki/Business_loan

    The US Small Business Administration (SBA) does not make loans; instead it guarantees loans made by individual lenders. The main SBA loan programs are SBA 7(a) which includes both a standard and express option; Microloans (up to $50,000); 504 Loans which provide financing for fixed assets such as real estate or equipment; and Disaster loans. In ...

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