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Maximum loan amount. Maximum guarantee. SBA turnaround time. Purpose. 7(a) loan. $5 million. 75%. ... Lenders and borrowers are free to negotiate loan terms and interest rates, but the lender ...
An SBA loan gives your small business access to government-backed funding. ... Loan amount. Up to $5 million. Maximum SBA guarantee. 85% of loans under $150,000, 75% for loans over $150,000.
Loan amounts. Interest rates. Loan terms. Maximum SBA guarantee. SBA Express loan. $500,000. 11.50% to 16.50%. Up to 10 years for term loans or lines of credit; 25 years for property purchases or ...
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.
Finance your small business with loans, ... loan with quicker approval times and maximum loan amounts up to $500,000. ... Startups or underserved businesses needing free capital.
SBA loan type. Description. Average loan amount in 2023. Maximum loan amount. Standard 7(a) Can be used for nearly all purposes, including working capital, payroll, expansion and equipment.
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