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SBA Express Loans Glossary of Terms

Content tagged with: amortized loan

What Is an SBA 7(a) Loan?

An SBA 7(a) loan is the loan program guaranteed by the Small Business Administration for loans of up to $5,000,000 for any small busness.

What Is Amortization?

Amortization refers to debts that are set to be paid off using a fixed repayment schedule.

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