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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.
In addition to these loans, the SBA offers the following programs: 1  State Business and Industrial Development Corporations (SBIDCs) are capitalized through state governments. They usually offer long-term loans (from 5 to 20 years) for either the expansion of a small business or for the purchase of capital equipment.