"The 7(a) loan is the Swiss-army knife of government-backed capital. Use the money for almost anything - equipment, refinancing, or real estate - with terms up to 25 years on property deals."
"Each lender was scored on five borrower-focused metrics with clear weights: Speed (30%), Up-front fees (25%), Interest rates (20%), SBA lending volume (15%), and Customer reputation (10%)."
The article ranks 25 active SBA lenders based on speed, up-front costs, interest rates, annual deal volume, and customer reviews. It highlights three core SBA loan programs: the 7(a) loan for various uses, the 504 loan for real estate and machinery, and Express loans for quicker funding. Each lender is evaluated on five metrics, with speed and up-front fees weighted most heavily. The top lenders can fund loans in about six weeks, significantly faster than the typical 60-90 days.
Read at London Business News | Londonlovesbusiness.com
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