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CommonLending

SBA loan vs conventional loan

One may carry a government guarantee. The other uses only the lender’s own policy.

What it is

The SBA is not giving the business a grant. A conventional bank loan skips that guarantee. Both can ask for a personal guarantee. This site does not place either application.

What's typically needed

  • Latest three months of business bank statements
  • Time in business
  • A government-issued photo ID
  • The two options you are actually comparing
Start application

Applying has no impact to your credit. Submitting this form does not pull a credit report.

Related: SBA loans · Bank loans