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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.
The SBA loan program encourages long-term small business financing. The loan maturities are based on your ability to repay the loan, the purpose of the loan, and the asset life financed with the loan. An SBA loan is secured by both personal and business assets until the recovery value is equal to the amount of your loan.