Franchisees looking to get an SBA loan can fund their business with an SBA 7(a) or SBA CDC/504 loan. These SBA loans are partially guaranteed by the U.S. Small Business Administration and issued by participating lenders, typically banks and credit unions. To qualify for an SBA loan, however, you’ll need to meet strict lending criteria….
The article SBA Loan Overview: Types, Pros and Cons, How to Apply (test) originally appeared on NerdWallet.
