SBA 7a) loans are made usually for 1 to 3 years in amounts up to $5,000,000, require collateral, and can be used for most business purposes.

Name: SBA 7a) loans are made usually for 1 to 3 years in amounts up to $5,000,000, require collateral, and can be used for most business purposes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

SBA 7(a) loans can have terms up to 25 years, not just 1 to 3 years, and they can be used for various business purposes, including working capital, equipment, and real estate.

SBA 7a) Loans Are Made Usually for 1 to 3