SBA 7(a) Loans

What Are SBA 7(a) Loans?

The SBA 7(a) loan program is the Small Business Administration's primary and most flexible loan program. These loans can be used for a wide variety of business purposes, making them an excellent choice for businesses seeking versatile financing options.

Loan Amounts and Terms

Maximum Loan Amount - Up to $5 million
Working Capital Terms - Up to 10 years
Equipment Terms - Up to 10 years (or useful life of equipment)
Real Estate Terms - Up to 25 years
Interest Rates - Negotiated between borrower and lender, subject to SBA maximums

Common Uses for 7(a) Loans

SBA 7(a) loans offer flexibility for various business needs:

Working Capital - Day-to-day operational expenses and cash flow management
Equipment Purchase - New or used equipment acquisition
Real Estate - Purchase land or buildings, or make improvements
Business Acquisition - Buy an existing business
Debt Refinancing - Under certain conditions, refinance existing business debt
Inventory - Purchase inventory for your business

Eligibility Requirements

To qualify for an SBA 7(a) loan, your business must:

Operate for profit within the United States or its territories
Qualify as a small business under SBA size standards
Have reasonable invested equity
Use alternative financial resources before seeking SBA financing
Demonstrate a need for the loan and ability to repay

The Application Process

We simplify the 7(a) loan application process:

Pre-Qualification - We review your business profile and financing needs
Document Collection - We guide you through required documentation
Lender Matching - We connect you with appropriate SBA-approved lenders
Application Support - We assist throughout the application process
Closing Assistance - We help ensure a smooth closing

Required Documentation

Typical documentation includes:

Business and personal tax returns (3 years)
Business financial statements
Personal financial statement
Business plan
Business licenses and permits
Loan application history

Start Your Application Today

Ready to explore SBA 7(a) financing for your business? Contact us for a free consultation. We'll help you understand your options and guide you through every step of the process.