Do they have an existing banking relationship? You may be asked for abusiness plan, too. For some applications, like Small Business Administration (SBA) loans and lines of credit, this is required. In other cases, it’s just a “nice-to-have” that helps lenders understand the type and ...
SBA 7a business loans are provided by banks, credit unions and online lenders who are part of the Small Business Administration (SBA) lender network. Partially backed by the US Government, these loans can provide up to $5million to qualifying borrowers with repayment terms as long as 25 years...