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An SBA loan gives your small business access to government-backed funding. ... which will set the loan’s primary terms and interest rates. Microloans. Loan amount. Up to $50,000.
Small Business Administration loans are term loans or lines of credit partially guaranteed by the U.S. government. These loans have requirements and maximum interest rates set by the SBA. They ...
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 ...
SBA 7(a) loan terms. The standard SBA 7(a) loans guarantee up to 75 percent of the loan amount. The lender may also require collateral to guarantee the rest of the loan, using your business’s ...
Variable rates range from 11.50 percent for amounts over $350,000 to 15.00 percent for loans of $50,000 or less. For fixed-rate 7(a) loans, maximum rates range from 13.50 percent for amounts over ...
Business loans can be secured or unsecured, but all have set repayment periods, terms and interest rates. Approval for a small business loan typically requires a good credit score, solid business ...
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