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2. 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

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

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

   SBA loan rates are current as of March 2024, calculated with the current prime rate of 8.50%. Variable-rate loans. Loan amount. Maximum interest rate. $50,000 or less. 15.00%. $50,001 to $250,000.

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

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

   This SBA loan funds up to $500,000, and the SBA can approve its side of the loan in 36 hours or less. ... Open Bank ($9.27 million) Readycap Lending, LLC ($8.9 million) Peoples Bank ($5 million ...

5. Small Business Jobs Act of 2010 - Wikipedia

   en.wikipedia.org/wiki/Small_Business_Jobs_Act_of...

   The Small Business Jobs Act of 2010 is a federal law passed by the 111th United States Congress and signed into law by President Barack Obama on September 27, 2010. [1] The law authorizes the creation of the Small Business Lending Fund Program administered by the Treasury Department to make capital investments in eligible institutions, in order ...

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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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

7. 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.