New businesses often need funding to grow; fortunately, the U.S. Small Business Administration offers several different ...

Here are the general requirements to qualify for SBA loans: SBA loans can be used ... Proceeds can be earmarked for the same purposes as a standard (7a) loan, including working capital, purchasing ...

But applying and getting approved for an SBA loan can require extensive documentation. Before you apply, take the time to understand the process and requirements. "The better prepared you are ...

The SBA reviews a loan application submitted to a lender to make sure it meets eligibility and credit requirements. The agency then signs off on the loan, but final approval rests with the lender.

SBA 7(a) loans, which are offered by SBA-approved lenders and are backed by government guarantees, are an important source of capital for small businesses during these challenging times.

The Small Business Administration has awarded four new small business lending company licenses, allowing more nondepository financial institutions to make federally backed loans. The move has been ...