SBA loans are small business loans partially guaranteed by the US federal agency, Small Business Administration. Committed towards the growth and development of small businesses, SBA partners with lenders nationwide to provide loans on flexible terms and low interest rates. In other words, SBA loans are issued by private lenders and backed by the government. SBA guarantees a portion of the loan and repays it in case the business fails to repay it. This reduces the risk for the lenders and makes it easier for businesses to get loans. SBA loans can be great choice for businesses which might have trouble qualifying for traditional bank loans.
Choosing the right funding option for your budding enterprise might be a game changer. At The Merchant Marketplace, we offer you a wide choice of start-up friendly SBA loans.