SBA Loan Basics

The two most popular SBA loan programs — the 7(a) and the 504 — are often confused. They’re both government-backed, both designed for small businesses, but they serve fundamentally different purposes. Here’s how to choose between them. The Core Difference The SBA 7(a) is the Swiss Army knife of SBA loans — flexible, multi-purpose, and … Read more

Understanding how your SBA loan amortizes — how each payment splits between principal and interest — is essential for cash flow planning and for knowing how much you’ll owe at any point in the loan term. Here’s a clear breakdown. What Is Loan Amortization? Amortization is the process of paying off a loan through regular … Read more