Like many SBA loans, SBA 7(a) loans are partially guaranteed by the U.S. Small Business Administration and issued by participating lenders, such as banks and credit unions. SBA 7(a) loans are the most common type of SBA loan, and therefore, the 7(a) loan program is one of the main ways the SBA supports small businesses…
The article SBA 7(a) Loan: What It Is and How to Apply originally appeared on NerdWallet.