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What is an SBA Loan?
An SBA loan is a small business loan guaranteed by the U.S. Small Business Administration. These programs help eligible small businesses secure financing of up to $5 million to start, grow, or purchase a business. SBA‑backed loans offer competitive rates, longer repayment terms, and other business‑friendly benefits designed to make financing more accessible and affordable.
At Northwest Federal Credit Union, we offer a variety of SBA loan programs to help move your business forward with:
- Affordable loan terms
- Extended maturities to preserve cash flow
- Lower collateral requirements
- Flexible use of proceeds
Our Commercial Lending team will help you obtain financing with competitive rates and terms to meet your unique business needs.