An SBA 7(a) Loan for over $350,000 is called a Standard Loan. These loans are eligible for SBA guarantees of up to 75%. It’s important to remember that while the SBA is backing the loan, traditional lenders such as banks and credit unions will actually loan you the money.

Without the SBA’s guarantee, around 80% of small business owners get denied for standard bank loans.

This means that once the SBA approves you as an acceptable risk for their guarantee, your lender will be the final gatekeeper to actual loan approval. …

Blake Janover

Founder of SBA7a.Loans, providing educational resources and fast & affordable financing for your business backed by the SBA.

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