Term loans from a bank or commercial lending institution that the SBA guarantees as much as 80 percent of the loan principal for SBA financing programs vary depending on a borrower's needs.

Depending on the type of loan, it can be used for a range of purposes, such as buying equipment, real estate or inventory. But applying and getting approved for an SBA loan can require extensive ...

But to be approved, a business must meet standards that vary based on the lender and the type of loan. Factors that lenders weigh when determining whether your small business qualifies for an SBA ...

You’ll likely need good personal credit (typically a score of 690 or higher) or excellent business credit to qualify for a government-backed SBA loan or traditional bank small-business loan.