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SBA 7(a) Loan

SBA 7(a) Loan

The 7(a) Loan Program is the SBA’s most popular program, designed to assist both start-up and existing small businesses obtain financing. These loans offer maximum flexibility since financing can be guaranteed for a variety of general business purposes. Loan maturity is up to 10 years for working capital and up to 25 years for fixed assets.

Loan Uses

  • Commercial Real Estate Acquisition or Refinance
  • New Construction Loans
  • Lease Refinancing
  • Business Startup, Acquisitions, or Expansion
  • Partner or Management Buyout
  • Equipment Purchase or Refinance
  • Working Capital
  • Inventory Purchase

Loan Benefits

  • Longer Amortization Schedule
  • Closing Costs Included in Loan
  • Fully Amortized Loan (No Balloon Payments)
  • Potentially Non-Collateral Dependent
  • Fixed or Variable Rates Combined With Longer Amortization Periods

Loan Size

  • Working Capital:  Up to $500,000
  • Equipment Purchase:  Up to $5,000,000
  • Real Estate Acquisition or Construction:  Up to $5,000,000
  • Real Estate Refinance:  Up to $5,000,000
  • Business Acquisitio:  Up to $5,000,000

Loan Terms

  • Up to 10 Years for Working Capital Loans
  • Up to 10 Years for non-Real Estate Related Debt and/or Debt Refinance
  • Up to 25 Years for Real Estate Related Debt (Purchase or Refinance)

 

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