Reported 3 days ago
SBA loans are government-backed financing options for small businesses that offer flexible and affordable terms, including capped interest rates and lower down payments. These loans can take 30 to 90 days for approval, depending on the lender's experience, and are particularly useful for businesses that struggle to obtain conventional loans. SBA loans come in several types, including 7(a) and 504 loans, each serving different purposes like working capital or long-term real estate financing. While they provide various benefits, the application process can be time-consuming, and strict eligibility requirements must be met.
Source: YAHOO