Definition: The Small Business Administration Loan Program consists of government-guaranteed loans designed to assist small businesses. Examples include the 7a loan, the 504 economic development loan, the microfinance loan, the disaster recovery loans, and the special purpose loan. Small businesses apply through their lending institutions.
Also Known As: SBA Loan Program; SBA loans; Small Business Administration loans
Examples:
The Small Business Administration will guarantee 90% of the 7a loan received from Central Bank by XYZ, Inc.
