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7(a) loans: This loan program is the SBA’s most popular. The maximum loan amount for a 7(a) loan is $5 million. The funds can be used for short and long-term working capital, refinancing current ...
Loan type. Maximum loan amount. Maximum guarantee. SBA turnaround time. Purpose. 7(a) loan. $5 million. 75%. 5 to 10 business days. Working capital, equipment, supplies purchases, real estate ...
No set limits; average loan amount is about $663,000 ... Time to fund. 30 to 90 days. As quickly as a few days to a few weeks. Loan types available. SBA 7(a), SBA Microloan, SBA 504/CDC loan ...
Finance your small business with loans, ... rates for bad credit business loans can get up to 99 percent or higher. ... loan with quicker approval times and maximum loan amounts up to $500,000.
SBA loans: With SBA loans, you get access to loans up to $5.5 million for various business purposes, and if the loan is over $25,000, it will likely require collateral.
SBA loan type. Description. Average loan amount in 2023. Maximum loan amount. Standard 7(a) Can be used for nearly all purposes, including working capital, payroll, expansion and equipment ...
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