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Why are SBA loans more affordable than other business loans. These loans are more affordable because most SBA loans are backed by the federal government, which provides an SBA loan guarantee ...
The most common government-backed small business loan with loan amounts of up to $5 million available. Money can be used for almost any purpose, including working capital, payroll, expansion and ...
Key takeaways. SBA loans are backed by the Small Business Administration, a government agency. SBA loans can have competitive interest rates. Borrowers have to exhaust other funding options before ...
There are numerous types of government-backed loans, which vary dependent on the country and status of the borrower. Arguably, the most widely known type of government-backed loan is the US Federal Housing Administration FHA loan, in existence since 1934. Other types of government-backed loans include the following:
SBA 7 (a) loan. Up to $5 million. Government-backed loan used for a variety of reasons, including real estate purchases, refinancing business debt, short and long-term working capital and ...
3. SBA Loans. SBA loans are government-backed loans, ranging from $5,000 to $5 million, designed to help small businesses secure affordable financing.
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