For SBA loans, the term “collateral” typically ... Inventory. In some cases, your accounts receivable may also be used as collateral. Did you know... Like collateral, a personal guarantee ...
Carrie Pallardy has more than nine years of experience writing about a range of topics, including healthcare and cybersecurity. Her expertise includes personal finance, insurance, real estate, and ...
The guidelines for SBA guaranteed loans are similar to those for standard bank loans. In addition, your company must qualify as a small business according to SBA standards, which vary from ...
including your interest rate and all fees associated with the loan. 7(a) loans do not have a minimum loan amount and max out at $5 million. The SBA guarantees 85% of your loan if it’s less than ...
Here are some of the most common types of SBA loans: 504 loan. Depending on your industry and loan requirements, you could qualify for up to $5.5 million to buy real estate and equipment.