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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. Pros and cons of SBA loans - AOL

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

   Rates current as of November 2023; calculated with current prime rate of 8.50%. Longer repayment terms. With SBA loans, you have longer to pay off the loan than most business loans.

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

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

   Lenders and borrowers are free to negotiate loan terms and interest rates, but the lender cannot exceed the maximum interest rate set by the SBA. For other SBA 7(a) loans like the SBA 7(a) Small ...

5. 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 ...

6. Types of small business loans offered at banks - AOL

   www.aol.com/finance/types-small-business-loans...

   The most common government-backed small business loan with loan amounts of up to $5 million available. ... SBA 504 loan. Another type of government-backed loan, with up to $5.5 million available ...

7. MicroLoan Program - Wikipedia

   en.wikipedia.org/wiki/MicroLoan_Program

   The maximum term allowed for an SBA micro-loan is six years. Loan terms, however, vary according to the size of the loan, the planned use of funds, the requirements of the intermediary lender, and the needs of the small business borrower. Interest rates vary, depending on the intermediary lender and costs to the intermediary from the U.S. Treasury.