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How do SBA loan guarantee programs work?

The SBA works with participating lenders in every state who follow SBA lending criteria for small business loans. SBA loans are often for approved purposes and demographics; and may include lower interest rates for qualifying borrowers. Unlike a traditional term loan from the bank, the SBA’s credit and collateral requirements are not as stringent and are a potentially a good choice for startups that qualify.

You can read more about SBA loans in our Business Owners’ Guide to SBA Loans.

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