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Some popular options under SBA are CAPlines, International trade loans, Export Express loans, 504 loans, 7(a) loans, and Non-7(a) microloans.

Last week, SBA chief Isabella Guzman met with a group of 50 local business owners and activists.

To get a map of how the federal government could support local entrepreneurs more effectively.

"We're working to do everything", the SBA chief sounds confident.

An SBA loan is easier for a small business to qualify for than a conventional loan.

But you must provide significant financial documents as part of the application process.

The kind of SBA loan you apply for, will determine how much you can borrow.

For instance, the maximum amount of an SBA microloan is $50,000, while the maximum amount of a 7(a) loan is $5 million.

Until normal economic conditions return, businesses may be able to postpone SBA loan payments and restructure the loan.

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The SBA estimates that small businesses provide 1.5 million new jobs annually.