SBA (Small Business Administration) Loans

SBA loans are financial products backed by the U.S. Small Business Administration, designed to help small businesses access funding. These loans typically have favorable terms, such as lower down payments and longer repayment periods, making it easier for entrepreneurs to obtain capital compared to traditional bank loans. The SBA guarantees a portion of the loan, which reduces risk for lenders and encourages them to lend to startups and small businesses. This support helps businesses grow, create jobs, and contribute to the economy. Common types of SBA loans include the 7(a) loan and the CDC/504 loan.