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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. Small business financing: Your options - AOL

   www.aol.com/finance/small-business-financing...

   Finance your small business with loans, grants or crowdfunding. ... Fee and interest rate limits set by SBA. Cons: Strict guidelines to apply, based on lender. Funding can take 30 to 90 days.

4. SBA 7(a) loan: What it is and how to apply - AOL

   www.aol.com/finance/sba-7-loan-apply-123539929.html

   Lenders and borrowers are free to negotiate loan terms and interest rates, but the lender cannot exceed the maximum interest rate set by the SBA. For other SBA 7(a) loans like the SBA 7(a) Small ...

5. Pros and cons of SBA loans - AOL

   www.aol.com/finance/pros-cons-sba-loans...

   Rates current as of November 2023; calculated with current prime rate of 8.50%. Longer repayment terms. With SBA loans, you have longer to pay off the loan than most business loans.

6. What is the average small business loan amount? - AOL

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

   Lender. Average small business loan amount. Bank loans (large national bank) $593,000* Bank loans (small regional bank) $146,000* SBA 7(a) loans. $479,685

7. SBA loan statistics: Top SBA lenders by state - AOL

   www.aol.com/finance/sba-loan-statistics-top-sba...

   State. Total SBA amount funded in state. Top 5 SBA lenders. Alabama. $287 million. Live Oak Bank ($35.02 million) Synovus Bank ($20.74 million) Newtek Small Business Finance, Inc. ($16.91 million)