Small Business Administration (SBA) loans – or 7(a) loans, are often a coveted prize for U.S. companies. They offer some of the lowest rates anywhere on small business financing and generally provide the longest repayment terms as well. The loans are guaranteed by the U.S. government so businesses can feel confident in the security of their funding. These loans sound ideal and yet many business owners won’t even consider applying for them. Why? The application process for SBA loans is notoriously […]