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

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

    In the 2023 fiscal year, just over 57,000 SBA 7(a) loans were approved — up from around 47,000 in fiscal year 2022. SBA 504 loans saw a significant drop, however, from a little over 9,000 in ...

  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. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    President Joe Biden visiting the W. S. Jenks & Son hardware store in Washington, D.C., which received a PPP loan (). In order to be eligible for the Paycheck Protection Program, an applicant must be a small business, sole proprietor, independent contractor, self-employed person, 501(c)(3) nonprofit organization, [a] [b] [c] [14] 501(c)(19) veterans organization, [15] [16] or a tribal business.

  5. SBA extends fire relief deadline for those thought to be ...

    www.aol.com/sba-extends-fire-relief-deadline...

    Jan. 21—The U.S. Small Business Administration has distributed more than $257.3 million in disaster loans for 1,391 applicants who sustained property damage from the Aug. 8 wildfires and high ...

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

  7. FEMA: It's important to file an SBA disaster loan application

    www.aol.com/fema-important-file-sba-disaster...

    Sep. 27—ATLANTA — Georgia survivors of Hurricane Idalia who apply for disaster assistance from FEMA may be referred to the U.S. Small Business Administration (SBA) with information on how to ...

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