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SBA Loans refer to the 7(a) Loan Program. It’s the most common type of loan backed by the SBA (Small Business Administration), both in number of loans and total dollars lent. There are about half a dozen SBA-backed loans, and they’re all designed to assist small businesses that may not qualify for traditional bank financing. They’re partially guaranteed by the SBA, which reduces the risk to lenders and makes it easier for small businesses to secure the funds they need.
SBA Loans vs. Unsecured Business Loans SBA loans and Unsecured Business Loans both have their pros and cons. But do you know which one is right for your business? With an SBA loan you can acquire real estate for your business. For example, if you’re already paying rent for your office space, you might as […]
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