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

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

   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 ...

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

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

   SBA loans. Conventional loans. Issued by. Banks and online lenders. Banks and online lenders. Lending limits. Up to $5.5 million. No set limits; average loan amount is about $663,000

5. Pros and cons of SBA loans - AOL

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

   The maximum loan amount for a 504 loan is typically $5 million, but it can be up to $5.5 million. Loan funds can be used for fixed assets that promote job creation and business growth.

6. 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. Connecticut. $290.42 million. Webster Bank National Association ($45.01 million) Live Oak Bank ($32.05 million)

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

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

   For fiscal year 2023, the average loan amount for all types of 7(a) loans from the Small Business Administration was $479,685, and the average amount for a 504 loan was $1.08 million