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Government loans are typically offered through banks and credit unions that partner with the Small Business Administration (SBA). The SBA is a U.S. government body, with the motive of providing support for small businesses and entrepreneurs. For each loan authorized, a government-backed guarantee offers serious credibility, since the lender knows that even if you default, the government will pay off the balance.
Some of the loan types are:
You should contact the SBA in your state to see what is available to you and your specific business. No one loan is better than another.
Here is a link to the SBA
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