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2. 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 ...

3. 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

4. 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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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 ...

5. What is the SBA line of credit? - AOL

   www.aol.com/finance/sba-line-credit-202339941.html

   Note that in addition to interest, the SBA imposes a guarantee fee, ranging from 0.00 percent to 3.75 percent of the guaranteed loan portion. Individual lenders may also charge additional fees as ...

6. MicroLoan Program - Wikipedia

   en.wikipedia.org/wiki/MicroLoan_Program

   The maximum term allowed for an SBA micro-loan is six years. Loan terms, however, vary according to the size of the loan, the planned use of funds, the requirements of the intermediary lender, and the needs of the small business borrower. Interest rates vary, depending on the intermediary lender and costs to the intermediary from the U.S. Treasury.

7. Types of small business loans offered at banks - AOL

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

   SBA 7(a) loan. 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 ...

8. SBA vs. conventional loan: What you need to know - AOL

   www.aol.com/finance/sba-vs-conventional-loan...

   Bankrate. In the 2023 fiscal year, more than $27.5 million in 7(a) loans and about $6.4 million in 504 loans were approved. While only about 16 percent of 504 loans were given to new businesses ...

9. What is a startup business loan? How does it work? - AOL

   www.aol.com/finance/startup-business-loan-does...

   Through the SBA 7(a) program, borrowers can get loans up to $5 million. Microloans: These are small loans, often available from SBA lenders. The maximum loan amount from the SBA is $50,000. Term ...