Which Loan is Right for Your Business?
If you are not familiar with the differences between the SBA 7(a) and USDA loan, it can be difficult to determine which one is the most suitable to your business needs. Various factors such as these listed below can determine which loan program is best for your business need.
- Maximum loan size
- Eligible purposes
- Available loan terms
- Government guarantees
- Borrower equity
This chart will help you understand the differences between the two loans.