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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. Business loan requirements: 8 things you will need - AOL

    www.aol.com/finance/business-loan-requirements-8...

    In Q4 of 2023, new small business term loans increased by 5.68 percent compared to Q3. But these loans also decreased by over 5 percent when compared with Q4 of 2022. What do these numbers mean?

  4. SBA Express loan: What it is and how to apply - AOL

    www.aol.com/finance/sba-express-loan-apply...

    50%. SBA Export Express loan. $500,000. 11.50% to 16.50%. Up to 10 years for term loans, up to 7 years for lines of credit. 90% for loans of $350,000 or less. 75% for loans over $350,000.

  5. 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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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. Tooltip Public Law (United States) 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance ...

  6. Community Advantage Loan - Wikipedia

    en.wikipedia.org/wiki/Community_Advantage_Loan

    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. The SBA guarantees 85 percent of loans up to $150,000 and 75 ...

  7. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...

  8. How to get an SBA startup loan - AOL

    www.aol.com/finance/sba-startup-loan-194343235.html

    Bankrate insight. In the 2023 fiscal year, the SBA approved 57,362 7(a) loans. Of those approved loans, 10,194 or 18.9 percent were used to open new businesses, according to the SBA weekly lending ...

  9. SBA ARC Loan Program - Wikipedia

    en.wikipedia.org/wiki/SBA_ARC_Loan_Program

    SBA ARC Loan Program. As part of the 2009 American Recovery and Reinvestment Act (signed Feb 17, 2009), the United States Government has allocated Small Business Administration (SBA) backed funds for viable small businesses in the United States. Businesses must have qualifying business loans and must be experiencing immediate financial hardship.

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