7th Session - SBA Loans: Empowering Small Business

What Is An SBA Loan?

The Small Business Administration (SBA) is a federal agency dedicated to supporting small businesses through various lending programs. SBA loans are provided by lenders who partner with the SBA, and they come with a government-backed guarantee. This means that if a borrower defaults, the SBA covers a portion of the loan, reducing the risk for lenders. As a result, it's often easier for small businesses to secure financing through these loans.