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  2. SBA vs. conventional loan: What you need to know - AOL

    www.aol.com/finance/sba-vs-conventional-loan...

    According to the SBA’s 2023 fiscal year microloan data, 35 percent of microloans went to Black-owned businesses, while 15 percent went to Latino-owned businesses. Lightbulb Bankrate insight

  3. SBA loan guide: What they are and how to apply - AOL

    www.aol.com/finance/sba-loan-guide-apply...

    SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000

  4. How to get an SBA startup loan - AOL

    www.aol.com/finance/sba-startup-loan-194343235.html

    Microloan funds can’t be used to purchase real estate or pay existing debts. Maximum loan amount: $50,000 Interest rate: Generally between 8 percent and 13 percent, depending on the lender

  5. MicroLoan Program - Wikipedia

    en.wikipedia.org/wiki/MicroLoan_Program

    The MicroLoan Program is a US Government program administered by the United States Small Business Administration (SBA) that provides microloans to start-up, newly established, or growing small business endeavors. The program has been operating since 1992. It is especially designed to help those who might not find funding in the private sector ...

  6. SBA 7(a) loan: What it is and how to apply - AOL

    www.aol.com/finance/sba-7-loan-apply-123539929.html

    To apply for an SBA 7 (a) loan, you will need to work with a lender approved by the SBA. Then, be prepared to submit a long list of financial documentation to show that you can repay the loan. You ...

  7. Where can I get a startup business loan? - AOL

    www.aol.com/finance/where-startup-business-loan...

    Bankrate insight. Startup businesses make up a significant part of SBA loans granted. According to the SBA 7 (a) summary report for fiscal year 2023, SBA lenders approved $4.9 billion dollars in ...

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