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Archive - October 2023

SBA Loan

Major Opportunity for Small Businesses & SBA Loans

Posted On: October 2, 2023 by The Peoples Community Bank in: Business Banking

By: David Jones, SVP - Commercial Lender

Big news! The Small Business Association (SBA) has announced 0% on its Annual Service Fee and SBA Guaranty Fee (Upfront Fee) for loans of $1,000,000 and less. This feature will run for SBA’s fiscal year, October 1, 2023 through September 30, 2024. 

What is a SBA 7(a) loan you might ask?  The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them...

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Tags: Business Banking, Business Loan, Commercial Lending, Loans, SBA Loan, Small Business