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SBA loan vs. "regular" loan.
As I understand a SBA loan, a portion of the loan is guaranteed by the government

According to the agency, the mission of the Small Business
Administration (SBA) is "to maintain and strengthen the Nation's
economy by aiding, counseling, assisting, and protecting the interests
of small businesses and by helping businesses and families recover from
economic and other disasters."

The most visible elements of the administration are the loan programs it administers. The SBA itself does not grant loans with the exception of Disaster Relief Loans.
Instead, the SBA guarantees against default certain portions of
business loans made by banks and other lenders that conform to its
guidelines.

Hope this helps, LUCKIEST

From the view of the borrower, there are a few key differences that may change the repayment amount when comparing SBA loans and conventional loans:

An SBA approved lender is only supposed to make an SBA loan when no other sources of conventional bank financing are available to the borrower due to a higher risk profile. Thus, the pricing of the SBA loan will reflect the greater risk and should be more costly than a conventional bank loan in terms of both the interest rate and the up-front SBA guarantee fees.

On the other hand, the duration of an SBA term loans may be longer than a conventional bank term loan. SBA term loans under the 7a program are as long as ten years. This longer loan term can create a lower payment of principal when compared to a conventional bank loan.

I hope this response is helpful. Feel free to let me know if you have any further questions.

Marshall Lebovits
www.Funding911.com