How Do You Apply for an SBA Loan?

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Whether you want to launch a brand new business or take your existing business to the next level, you need capital to make it happen. Depending on the size of your business, you may qualify for a small business loan to help you expand your retail or office space, cover payroll or seasonal expenses, invest in new inventory, or pay for any number of outstanding expenses.

The Small Business Administration (SBA) makes it easier for businesses like yours to qualify for small business loans for a broad range of purposes. If you’re thinking about applying for one of these loans for your company, you need to learn all the details of the program to ensure you meet the criteria for financing. Let’s take a look at what you need to know to apply for an SBA loan.