What is an SBA loan and when might it be appropriate?
Category:
Buying a Business
The U.S. Small Business Administration (SBA) supports several loan programs that may help qualified buyers finance the purchase of an existing business. These loans are generally provided through participating lenders and backed in part by SBA guarantees.
Qualification requirements, loan amounts, borrower contributions, and program guidelines vary depending on the lender and the specific SBA program.
Understanding SBA financing early in your search can help determine which opportunities may fit your financial objectives.