SBA 7(a) Loans: How They Work, Costs, Eligibility and Repayment
SBA 7(a) loans are one of the best-known forms of government-backed small-business financing in the United States, but the name can create confusion. The U.S. Small Business Administration does not usually hand the borrower money directly. Instead, a participating lender makes the loan, while the SBA provides a guaranty under program rules that can reduce … Read more