What is an SBA loan? Who can apply for one, and is it more expensive than other options? In this episode of Financial Cents, we’re sharing our know-how and experience to break down some of the common myths about SBA loans while explaining the process for borrowers.
As John Lewis, senior vice president and business banking manager, explains, SBA loans provide an opportunity for small businesses to obtain funding when they may not otherwise be able to obtain it. This makes these loans ideal for businesses that need capital to get them through the early stages of business growth.
