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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 guarantees most loans that go through banks. It is much easier to get an SBA guarantee if you put up collateral, but that is not your only option. You can also provide the SBA with your own personal guarantee. In doing so, the SBA can be certain that you will be held accountable for loan repayment.