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

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

    SBA 7(a) loan terms. The standard SBA 7(a) loans guarantee up to 75 percent of the loan amount. The lender may also require collateral to guarantee the rest of the loan, using your business’s ...

  3. Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Administration

    The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...

  4. SBA loan statistics: Race and gender - AOL

    www.aol.com/finance/sba-loan-statistics-race...

    In 2023, the SBA approved $6,419,378,000 in SBA 504 funding for businesses. The average loan size was $1,083,622, and 5,924 loans were approved in the following order: White business owners ...

  5. Community Advantage Loan - Wikipedia

    en.wikipedia.org/wiki/Community_Advantage_Loan

    The SBA guarantees 85 percent of loans up to $150,000 and 75 percent of loans greater than $150,000. [ 1 ] Launched in 2011, the Community Advantage program intends to expand access to capital in underserved communities by allowing mission-focused, community-based financial institutions – including a Certified Development Company – to offer ...

  6. Small Business Jobs Act of 2010 - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Jobs_Act_of...

    Speaker of the House Nancy Pelosi signing the bill after it passed in the House September 23, 2010. The Small Business Jobs Act of 2010 is a federal law passed by the 111th United States Congress and signed into law by President Barack Obama on September 27, 2010. [1]

  7. Administrator of the Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Administrator_of_the_Small...

    In January 2012, President Barack Obama announced that the SBA administrator would be elevated to Cabinet rank, a position it last held during the Clinton Administration. [1] [2] [3] The most recent confirmed administrator was Isabel Guzman, who was nominated by President Joe Biden and confirmed by the senate on March 16, 2021. [4]

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