08 May 2024
The Small Business Administration (SBA) delivered over $52.4 billion in capital, disaster relief, and bonding to businesses and communities in FY ’23, and serves a vital role in funding small businesses and budding entrepreneurs through its loan programs. When evaluating this financing option, it is important to know what an SBA loan is, its diverse applications, how to apply for one, and the pros and cons of them in the marketplace.