There are two main subcategories of SBA 7(a) loans:

There are two main subcategories of SBA 7(a) loans: SBA Express Loans: This kind of SBA 7(a) loan typically includes a quicker loan approval time, it is capped at $350,000. There’s also the possibility for veterans to waive the guaranty cost that is typically 3% of loans over $150,000. SBA guarantees no more than 50%…

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