All the SBA does is guarantee loans that traditional banks underwrite and fund. Last I read, they were guaranteeing up to 80% of the loan to banks.

Issue is, with such thin margins in traditional bank loans, and the current default rate on business loans, it doesn't become profitable until you are into the million + range.

How many merchants that we deal with are at that level?

The days of the $20-50-100K SBA loan are over