Small Business Administration (SBA) loans are government-backed financing options that provide businesses with access to capital. They are designed to help small businesses start, grow, and succeed by providing them with long-term, low interest rate funding. SBA loans can be used for a variety of purposes including purchasing equipment, real estate, working capital, and refinancing debt. They also offer special programs such as the 7(a) loan program, which provides up to $5 million in financing for business expansion or acquisition. The SBA works with lenders across the country to ensure that small businesses have access to the funds they need to succeed.
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