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  2. SBA vs. conventional loan: What you need to know - AOL

    www.aol.com/finance/sba-vs-conventional-loan...

    SBA loans. Conventional loans. Issued by. Banks and online lenders. Banks and online lenders. Lending limits. Up to $5.5 million. No set limits; average loan amount is about $663,000

  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...

    SBA loans typically come with lower interest rates and longer repayment timelines than traditional loans. These loans are also government-backed and provide more support than other types of loans ...

  5. Which of 11 most common types of small business loans is ...

    www.aol.com/11-most-common-types-small-163000155...

    One of the best aspects of these loans is that interest rates begin as low as 11.5% for an SBA loan greater than $350,000. These favorable rates mean you'll save a substantial amount of money over ...

  6. What is a startup business loan? How does it work? - AOL

    www.aol.com/finance/startup-business-loan-does...

    Startup loan vs. conventional loan. ... SBA Community Advantage loans have a limit of $350,000, but 7(a) loans have a limit of $5 million, so it’s possible to borrow a large amount.

  7. Small business financing: Your options - AOL

    www.aol.com/finance/small-business-financing...

    These are often traditional banks, but some fintech lenders like Lendistry offer SBA loans. Because SBA loans are competitive, lenders often add strict criteria that business owners have to meet.

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