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Get A Loan--Fast

Stop chuckling. It can happen with certain SBA loans.

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This story appears in the April 2001 issue of Entrepreneurs Start-Ups magazine.

Need a quick loan? Well, is 36 hours quick enough? Believe it or not, you can get an SBA- backed loan of up to $150,000 to help start or expand your business--and the agency promises a rapid response.

While the SBA's 7(a) Loan Guaranty Program, which provides financing up to $2 million, is the most well-known, other agency programs may be more user-friendly for start-ups, which generally need substantially less money. SBAExpress, for instance, one of the SBA's newest loan programs, allows participating lenders to approve loans of up to $150,000 within 36 hours of receiving a completed application.

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