SBA loans are loans issued by the SBA (the U.S. Small Business Administration). These are specific loans that are issued to certain small businesses that qualify for assistance. SBA loans are not available for all businesses or for all groups. The application process can sometimes be selective and may vary depending on the type of small business loan being applied for.
Yes, there are various types of SBA loans, including:
Some of these loans are only available in relation to certain circumstances, which may change over time. For instance, disaster relief loans often revolve around specific disaster instances (such as the Hurricane Katrina relief loan, etc.).
Small business loans (not just SBA loans) are often subject to various legal issues, disputes, and conflicts. These can include:
Some loan disputes can result in a civil lawsuit for a damages award. Other loan issues can actually lead to criminal violations, such as when a person or business engages in loan fraud.
Obtaining a loan or financial assistance can be an integral part of small business planning. You may wish to hire a business lawyer if you need help with an SBA loan, financial assistance, or other planning issues for your small business. Your attorney can provide you with valuable advice and guidance regarding your options. Also, if you are involved in legal issues, your attorney can help represent you during business litigation proceedings.
Last Modified: 07-05-2018 02:14 AM PDTLaw Library Disclaimer
We've helped more than 4 million clients find the right lawyer – for free. Present your case online in minutes. LegalMatch matches you to pre-screened lawyers in your city or county based on the specifics of your case. Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. If so, attorneys respond with an offer to represent you that includes a full attorney profile with details on their fee structure, background, and ratings by other LegalMatch users so you can decide if they're the right lawyer for you.