SBA Financing is business loans guaranteed by the SBA and issued by participating lenders, mostly regional banks.
SBA Financing can guarantee up to 85% of loans of $150,000 or less and 75% of loans of more than $150,000. The SBA states its average loan amount was about $375,000 in 2016. The program’s maximum loan amount is $5 million.
Is your business interested in opening up a new location or perhaps hiring employees or refinance an existing loan? SBA Financing is a great option.
The SBA’s primary lending program is the 7(a) Loan Program. It offers U.S government-backed term loans that can support a variety of financial needs. The program guarantees as much as 85 percent of loans up to $150,000 and 75 percent of loans greater than $150,000.