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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 ...
SBA 7(a) loans are the most common option for business owners. Though some might require collateral, they are generally unsecured and are designed for working capital expenses. But you can use the ...
The SBA only requires that standard 7(a) loans, for example, get backed by collateral if the loan amount exceeds $25,000. But the lenders — not the SBA — make the final decision on when to ask ...
Depending on the type of SBA loan, you can use the funds for a range of purposes, including to buy equipment, real estate or inventory, but keep in mind that the application and approval process ...
The US Small Business Administration (SBA) does not make loans; instead it guarantees loans made by individual lenders. The main SBA loan programs are SBA 7(a) which includes both a standard and express option; Microloans (up to $50,000); 504 Loans which provide financing for fixed assets such as real estate or equipment; and Disaster loans. In ...
The SBA works with approved lenders to back the loans. As a result, these loans typically require additional documentation not required with conventional loans, including SBA-issued forms.
The Small Business Administration's 7(a) Loan Program is designed to support small businesses that need capital to make short- and long-term investments. SBA 7(a) Loans can offer some advantages ...
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 ...
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