SBA Loan Guide

There's a lot to know about Small Business Administration loans. The SBA 7(a) loan program plays a crucial role in supporting small businesses across America. In Fiscal Year 2024, the SBA approved over 70,000 loans totaling $31 billion. By providing accessible financing options, it enables entrepreneurs to secure the capital needed to start, grow, and acquire small businesses. With favorable terms, including lower down payments and longer repayment periods compared to traditional loans, the 7(a) program offers vital support for underserved markets and helps promote economic growth. By empowering small business owners, the SBA 7(a) loan program not only contributes to individual success but also fosters community development and job creation nationwide.