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2. 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

3. 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 ...

4. How long do you have to wait for SBA loan approval? - AOL

   www.aol.com/finance/long-wait-sba-loan-approval...

   SBA 7 (a) loan. 7 (a) loan subtypes are backed directly by the SBA. The SBA’s turnaround time is 2 to 10 business days, but approval from your chosen lender can take 30 to 60 days. 60 to 90 days ...

5. SBA loan denied: What to do next - AOL

   www.aol.com/finance/sba-loan-denied-next...

   According to the SBA weekly summary report, fewer than 60,000 businesses were approved for 7(a) loans in 2023 — and only around 6,000 SBA loans were approved for 504 loans, highlighting how the ...

6. How to get an SBA startup loan - AOL

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

   Of those approved loans, 10,194 or 18.9 percent were used to open new businesses, according to the SBA weekly lending report. Follow these key steps to apply for an SBA startup loan. 1. Write a ...

7. Pros and cons of SBA loans - AOL

   www.aol.com/finance/pros-cons-sba-loans...

   SBA loans aim to make it easier for small businesses to get the funding they need to launch and operate. In the 2023 fiscal year — which ended September 30, 2023 — the SBA issued more than ...