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How SBA Loans Work: FAQ (Infographic)

Catherine Giese

Associate at Fundera
Catherine is an associate at Fundera. She specializes in partnerships and research-driven stories to help small business owners grow and thrive in their industries.

Latest posts by Catherine Giese (see all)

SBA loans: Every small business owner who is looking for financing wants them, but few fully understand them. It’s true that the SBA loan application process can be complicated. After all, the government’s money is involved—even though intermediary lenders furnish the loan, the U.S. Small Business Administration guarantees those lenders repayment if their borrower defaults. Because of this, there are a ton of documents to fill out, requirements to be met, and fine print to read that can generate their fair share of confusion.

Most SBA loan-related questions, such as credit score requirements and current interest rates, can be answered with a simple web search. Other questions, such as why a spouse has to sign off on personal financial statements, require a lot more digging. We’ve noticed that many business owners have specific questions like these that tend to crop up a lot. Luckily, our team of in-house experts is here to help.

Check out the infographic below for answers to the SBA loan questions we hear most.

how-sba-loans-work

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

Catherine Giese

Associate at Fundera
Catherine is an associate at Fundera. She specializes in partnerships and research-driven stories to help small business owners grow and thrive in their industries.

Latest posts by Catherine Giese (see all)

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