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SBA Loan. Definition: Term loans from a bank or commercial lending institution that the SBA guarantees as much as 80 percent of the loan principal for . SBA financing programs vary depending on a borrower's needs.
What Type of Loan is a NACA Loan?NACA is an American agency that stands for Neighborhood Assistance Corporation of America. It provides homeowners with low to moderate incomes affordable mortgage or home loan options that help them secure their dream home.