With strict qualifications for traditional loans, many small business find their loan applications denied. SBA lending is a great alternative to traditional commercial loans-- SBA loans have longer amortization periods and can offer higher loan amounts. The SBA finances small business comprable to banks but with more reasonable application standards for emerging businesses. Read more about SBA lending in this Q&A with First State Bank Senior Vice President and Loan Officer, Steve Valiquette:
The Small Business Administration's (SBA) lending program is a major part of U.S. business growth, and these loans can often be substituted for traditional commercial loans with some benefits to the borrower.