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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

   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 ...

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. 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 ...

5. SBA 504 Loan - Wikipedia

   en.wikipedia.org/wiki/SBA_504_Loan

   [4] [needs update] The maximum amount of the loan is $5 million ($5 million for meeting SBA-defined policy goals, [5] and $5.5 million for manufacturers and some energy-related policy goals), and if the borrower defaults, the private sector lender is paid off first, reducing the risk to the lender and encouraging loans. [needs update]

6. What is the average small business loan amount? - AOL

   www.aol.com/finance/average-small-business-loan...

   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.

7. How to get an SBA startup loan - AOL

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

   The U.S. government administers these loans through the Small Business Administration. ... Microloan funds can’t be used to purchase real estate or pay existing debts. Maximum loan amount: $50,000.