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  2. MicroLoan Program - Wikipedia

    en.wikipedia.org/wiki/MicroLoan_Program

    The program also provides support in marketing and management as well as technical assistance for microloan borrowers and potential borrowers. [1] Under this program, SBA makes funds available to non-profit community based lenders (intermediaries) that in turn, make loans to eligible borrowers in amounts up to a maximum of $50,000.

  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. How to get a small business loan when self employed - AOL

    www.aol.com/finance/small-business-loan-self...

    They offer 7(a) loans, the SBA’s most popular loan program, but only for loans up to $350,000. Bankrate insight. ... For example, an SBA microloan goes up to $50,000.

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

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

    The SBA prioritizes minority groups in other loan programs as well. According to the SBA’s 2023 fiscal year microloan data, 35 percent of microloans went to Black-owned businesses, while 15 ...

  6. How to get funding to start a business - AOL

    www.aol.com/finance/funding-start-business...

    The Small Business Administration’s microloan program is the most widely known option offered through SBA-approved ... in fiscal year 2024, SBA-approved lenders have approved $3.4 billion in ...

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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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

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