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SBA Loan. Definition: Term loans from a bank or commercial lending institution that the SBA guarantees as much as 80 percent of the loan principal for . SBA financing programs vary depending on a borrower's needs.
A Bank of America loan that's guaranteed by the Small Business Administration (SBA) may be the right choice for your business. Bank of America loan that's guaranteed by the Small Business Administration (SBA) may be the right choice for your business.