SBA loans are a type of financing provided to small businesses in the United States, partially guaranteed by the U.S. Small Business Administration (SBA). Unlike traditional loans, the SBA does not lend money directly; instead, it partners with banks and other lenders to reduce the lender's risk by guaranteeing a portion of the loan. This makes it easier for small businesses, especially startups or those with limited credit history, to qualify for funding. SBA loans can be used for a variety of business purposes, such as purchasing equipment, expanding operations, refinancing debt, or covering working capital needs. They generally feature longer repayment terms, lower down payments, and competitive interest rates compared to conventional business loans, making them an attractive option for entrepreneurs seeking stable, affordable financing.