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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%. ... The SBA also sets maximum interest rates and offers long repayment terms, making 7(a) loans highly ...

  4. Pros and cons of SBA loans - AOL

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

    SBA loans can have competitive interest rates. ... CDCs are community-based partner organizations empowered by the SBA. The maximum loan amount for a 504 loan is typically $5 million, but it can ...

  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. SBA ARC Loan Program - Wikipedia

    en.wikipedia.org/wiki/SBA_ARC_Loan_Program

    ARC loans are made by participating commercial SBA lenders. The SBA will pay these banks a monthly interest rate throughout the term of the loan. ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes first. The program officially ended effective September 16, 2010. [4]

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

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

    The Huntington National Bank is the largest SBA lender by number of loan approvals, approved 7,325 SBA 7(a) loans in the 2023 fiscal year. What is the easiest SBA loan to get approved for?

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