Posts tagged SBA 7(a) Standard
What Are the Different SBA 7(a) Loan Programs?

Did you know that there are several different SBA 7(a) loan programs available to small business owners? The SBA 7(a) loan is the most popular of these, but it’s actually just one of several government-backed loans offered through lending institutions. Many small business owners may find themselves eligible for many of the SBA's loan programs. However, ech is designed to fit a specific need, so it's helpful to learn about what each has to offer.

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Wondering What a Sample SBA 7(a) Loan Proposal Looks Like?

If you're a hands-on learner (and the type who likes to be insanely prepared), you likely want to know what an SBA loan proposal might look like before you jump into the arduous process of applying for one. That's what we're here for! In our sample loan proposal, see a filled-out version of a real SBA loan application.

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What is the SBA 7(a) Loan Approval Time?

An SBA 7(a) loan can take time to move through approval -- typically, 60-90 days. In addition, if your lender is an SBA Preferred lender, they will have the authority to approve your loan much faster than a non-preferred lender. Much of the process depends on the individual lender, and working with a lender that has handled SBA loans before is a good idea if time is a concern.

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What's the Difference Between an SBA 7(a) and a 504 Loan?

Thinking about the SBA 7(a) versus the SBA 504 loan for your commercial real estate project? It makes sense -- both are government-backed loan programs that give small business owners and lenders the opportunity to meet goals, large and small. Each loan has a specific set of requirements and unique terms based on the amount of the loan and the type of the loan. 

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