• Loan amounts up to $5,000,000

  • Fixed-rate interest loan options

  • Be an operating business

  • Operate for profit

  • Located in the U.S.

  • Be small under SBA size requirements

  • Not be an ineligible business type

  • Not be able to obtain desired credit on reasonable terms from non-federal, non-state, and non-local government sourcecs

  • Be creditworthy and demonstrate a reasonable ability to repay loan

SBA 7(a) loan

  • Acquiring or improving real estate and buildings

  • Refinancing real estate and buildings

  • Refinancing current debt

  • Purchasing and installation of machinery and equipment

  • Purchasing furniture, fixtures and supplies

  • Short and long-term working capital

  • Changes of ownership (complete or partial)

  • Multiple purpose loans, including any of the above loans

Common uses for our SBA 7(a) loans

SBA 7(a) Loans

SBA 7(a) loans are like a helping hand from the government for small businesses. Imagine you own a small company and you need a loan to grow, hire more staff, or buy new equipment. Getting a loan from a regular bank might be challenging because of the risks involved. Here’s where the SBA (Small Business Administration) 7(a) loan program steps in. It’s a government-backed loan initiative that encourages banks to lend to small businesses by reducing the risk for the lenders. With an SBA 7(a) loan, the government guarantees a portion of the loan amount. This guarantee gives banks the confidence to lend to small businesses that might not qualify for traditional loans. These loans can be used for various purposes, such as working capital, buying inventory, or refinancing existing debt. The terms of the loan, such as interest rates and repayment periods, are more favorable than many other loans, making it easier for small businesses to manage their finances. So, SBA 7(a) loans are essentially a supportive financial tool that empowers small businesses, helping them access the funds they need to thrive and expand.