What Is an SBA 7(a) Loan?
An SBA 7(a) loan is a financial tool designed by the Small Business Administration (SBA) to get money into the hands of small business owners. An SBA 7(a) loan isn't a loan directly from the SBA, rather, the SBA helps small business owners secure loans by guaranteeing a portion of the amount borrowed, capping interest rates, and limiting fees.
Original Article Source Credits: the balance, https://www.thebalancesmb.com
Article Written By: JEAN MURRAY
Original Article Posted on: December 28, 2020
Link to Original Article: https://www.thebalancesmb.com/getting-an-sba-7-loan-for-small-business-398040