A business loan broker helps small businesses learn more about commercial loans and financing. Getting business capital from banks and other lenders can be a complicated and lengthy process. Small business loan brokers help borrowers through the process of finding the right type of loan, gathering documents and materials for approval and underwriting, and communicating with the bank.
SBA 7(a) loans help qualifying business owners secure financing for a wide range of business purposes. In many cases, SBA 7(a) loans are reserved for business owners and entrepreneurs who are unable to qualify for a general business loan through a bank. Learn more about SBA 7(a) loans, including how to apply for one, below.
The Small Business Administration (SBA) offers a host of loan programs to help start and/or expand small businesses. However, in order to determine whether your small business requires a SBA loan or not, it is important to understand what these loans are and how they can meet your financing needs.
The SBA loan program can be complex for a borrower, with lots of details and subtle variations based on the type of loan. Below, we cover some frequently asked questions (FAQs) about SBA loans to help ensure you are prepared to make informed financing decisions for your business.