Plus, the SBA loan application process is detailed and requires extensive documentation. If you need capital quickly, you’ll want to consider a faster small-business loan alternative.

You will also need to fill out an official application form, which you can find on the lender’s website. If you’re applying ...

Small businesses ... In case a business defaults on an SBA-backed loan, the agency will cover as much as 85% of the loss; this is known as a guarantee. The SBA reviews a loan application submitted ...

"That doesn't mean you can't get a loan, but it means your application will be manually reviewed and possibly more challenging to approve." She adds that many small-business owners either have not ...