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Feb 29, 2024 · First, add those fees to your original loan amount to create a new loan amount of $62,000. Then, you use your 4% interest rate to calculate the annualized payment of $2,480 ($62,000 x 0.04). To ...
Here’s a summary of the most common types of SBA loans. SBA 7 (a) loans. Up to $5 million. Working capital, expansion and equipment purchases. View details. SBA Express loans. Up to $500,000 ...
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