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2. What is the average small business loan amount? - AOL

   www.aol.com/finance/average-small-business-loan...

   The average small business loan amount is $663,000, according to the Federal Reserve. For fiscal year 2023, the average loan amount for all types of 7(a) loans from the Small Business ...

3. SBA loan statistics: Top lenders - AOL

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

   For the 2023 fiscal year, SBA 7(a) lenders approved over 57,362 loans for a total of $27.5 billion in small business loans, according to the weekly SBA lending report. On average, business owners ...

4. 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

5. How long do you have to wait for SBA loan approval? - AOL

   www.aol.com/finance/long-wait-sba-loan-approval...

   The average loan size is $425,864. ... SBA loans vs. other small business loans. You may need another option for business loans, or your SBA loan may have been denied.

6. Alternatives to short-term business loans - AOL

   www.aol.com/finance/alternatives-short-term...

   Bankrate insight. The SBA’s weekly lending report shows that for the 2023 fiscal year:. The SBA approved 57,362 7(a) loans vs. 5,924 504 loans.. The average loan size is $479,685 for the SBA 7(a ...

7. 9 types of business loans - AOL

   www.aol.com/finance/9-types-business-loans...

   Small business loans usually range from $1,000 to $5 million. ... Loan type. Loan size. Best for. Term loan. Small to large. Established businesses with a big upcoming expense. Line of credit.