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.

You have the flexibility to use a term loan for a variety of needs, such as everyday expenses and equipment. Small Business Administration (SBA) loans are enticing for business owners who want a ...

But they have some limitations—for example, they cannot be used to pay debt. The loan terms and rates on SBA microloans will vary depending on the intermediary lender. The typical microloan ...

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 ...

And it could mean higher loan fees in the future. Those findings, and others, come from a detailed risk assessment by the SBA of its 7(a) portfolio through June 30, 2024, that was obtained by The ...

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.

Applicants may also be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening ...