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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.
Applying for an SBA loan is a common course of action for an applicant who has been denied by a bank for a business loan. The Small Business Administration provides a guarantee for qualified business owners (both startups and existing companies).nother factor is how long it takes you to gather all of the paperwork proving your financial status. Beyond that, the amount of time it takes to finalize an SBA loan largely depends on the lender's timeline. Expect the process to take a minimum of 60 to 90 days.