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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

   It offers a maximum lending amount of $5 million. SBA 7(a) loans can be used for short- and long-term working capital, refinancing existing business debts, purchasing new machinery and equipment ...

3. 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 ...

4. 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

5. Paycheck Protection Program - Wikipedia

   en.wikipedia.org/wiki/Paycheck_Protection_Program

   President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...

6. How much can you borrow with a business loan? - AOL

   www.aol.com/finance/much-borrow-business-loan...

   Lender. Average small business loan amount. Bank loans (large national bank) $593,000. Bank loans (small regional bank) $146,000. SBA 7(a) loan. $479,685

7. Pros and cons of SBA loans - AOL

   www.aol.com/finance/pros-cons-sba-loans...

   The maximum loan amount for a 504 loan is typically $5 million, but it can be up to $5.5 million. Loan funds can be used for fixed assets that promote job creation and business growth.

8. SBA loan statistics: Top lenders - AOL

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

   These amounts are better than 2022 data, which shows only $114.8 million went to 722 small businesses, with an average loan amount of $159,009. SBA Community Advantage lenders include mission ...

9. Complete List of SBA Loan Requirements - AOL

   www.aol.com/news/complete-list-sba-loan...

   Depending on the type of SBA loan, you can use the funds for a range of purposes, including to buy equipment, real estate or inventory, but keep in mind that the application and approval process ...