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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. How to get a small business loan without collateral

    www.aol.com/finance/small-business-loan-without...

    Bankrate insight. According to the 2023 Small Business Credit Survey, 44 percent of employer firms applied for business loans with a large bank.Twenty-eight percent went with a small bank, while ...

  4. What are small business loans and how do they work? - AOL

    www.aol.com/finance/business-loans-215421282.html

    To get an SBA loan, you apply through an SBA-approved lender. This will require extensive documentation, including personal and business financial statements, a business plan and SBA-specific ...

  5. Pros and cons of SBA loans - AOL

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

    Rates current as of November 2023; calculated with current prime rate of 8.50%. Longer repayment terms. With SBA loans, you have longer to pay off the loan than most business loans.

  6. Community Advantage Loan - Wikipedia

    en.wikipedia.org/wiki/Community_Advantage_Loan

    The U.S. Small Business Administration Community Advantage Loan program is designed for new and existing businesses that need loans under $250,000. The loan can be used to finance a startup company or expand an existing small business or buy real estate.

  7. SBA 7(a) loan: What it is and how to apply - AOL

    www.aol.com/finance/sba-7-loan-apply-123539929.html

    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 ...

  8. Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Administration

    The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...

  9. Troubled Asset Relief Program - Wikipedia

    en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

    Executive compensation: The law sets out important requirements regarding executive compensation for firms that participate in the TARP. This team is working hard to define the requirements for financial institutions to participate in three possible scenarios: One, an auction purchase of troubled assets; two, a broad equity or direct purchase ...

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