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Can you use SBA loan for payroll?

Other types of small business financing can be used to cover payroll, including: SBA Express loans. If you have immediate working capital needs, SBA Express loans may have a faster application turnaround time than other SBA loan options.

Can SBA loans be used to pay employees?

Other types of small business financing can be used to cover payroll, including: SBA Express loans. If you have immediate working capital needs, SBA Express loans may have a faster application turnaround time than other SBA loan options. You can borrow up to $500,000, with loan terms of up to 10 years.

Where do I make SBA payments?

View loan balance and make payments Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your loan status or to make payments.

Does SBA have a portal?

Borrowers applying for SBA disaster loans can use the MySBA Loan Portal (lending.sba.gov) to apply and check the status of their application.

How do I access SBA?

Answer: Users can access the SBA Connect application by entering the URL, SBA connect, into a supported web browser. Note: The application currently supports Microsoft Edge and Google Chrome. All other browsers are not supported browsers and, therefore, not recommended for use.

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