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

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

   Loan type. Description. Average funding timeline. 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 ...

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

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

   Because of SBA loans’ competitive interest rates and repayment terms, many small businesses vie for these loans. As of March 2024, the SBA has approved over 30,500 SBA loans worth more than $12. ...

5. Business loan requirements: 8 things you will need - AOL

   www.aol.com/finance/business-loan-requirements-8...

   Depending on the lender, you could secure a small business loan with a personal credit score of 550, with higher credit scores increasing the likelihood of approval and potentially better interest ...

6. How to get an SBA startup loan - AOL

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

   Bankrate insight. In the 2023 fiscal year, the SBA approved 57,362 7(a) loans. Of those approved loans, 10,194 or 18.9 percent were used to open new businesses, according to the SBA weekly lending ...

7. Complete List of SBA Loan Requirements - AOL

   www.aol.com/news/complete-list-sba-loan...

   Depending on the type of SBA loan, you can use the funds for a range of purposes, including to buy equipment, real estate or inventory, but keep in mind that the application and approval process ...