There are 2 subcategories of SBA 7(a loans that are)

There are 2 subcategories of SBA 7(a loans that are)

  • SBA Express Loans: This sort of SBA 7(a) loan typically has a quicker loan approval time, it is capped at $350,000. There’s also the possibility for veterans to waive the guaranty cost which can be typically 3% of loans over $150,000. SBA guarantees no more than 50% on SBA Express loans, making them less popular with loan providers.
  • SBA 7(a) Community Advantage Loans: These loans are created to assist companies in underserved areas. Continue reading “There are 2 subcategories of SBA 7(a loans that are)”