Loans begin from $2,000 as much as $35,000. Personal loans are nice for masking unexpected bills, however you don't all the time need to borrow a big quantity. For the EDILs specifically, the SBA does not work with loan packagers.” So, there's no need to pay somebody to place an software collectively for you. Prepayment penalties are charges that are paid once you pay off a loan earlier than the tip of the time period.