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IRS & Financial· 6 min read

SBA Loan Application Checklist (7(a) and Express)

SBA loans are document-driven. Lenders close fastest on packages that arrive complete.

SBA 7(a) is the workhorse small-business loan: up to $5M, 10 to 25 year terms, and a partial federal guarantee. SBA Express tops out at $500K with faster decisioning. Both close on document completeness.

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