SMALL BUSINESS ADMINISTRATION LOANS

SBA 7A LOAN

The U.S. Small Business Administration 7(a) loan program offers start-up businesses to existing small businesses a loan of up to $5 million for the purposes of start-up, acquisition, and expansion of existing businesses. With similar to the SBA Express loans that have a maximum loan amount of $350,000 and the SBA Export Express loans with a maximum of $500,000.

OVERVIEW

Purpose:

  • The 7(a) loan can be used for most business purposes, including business-occupied real-estate purchases, start-up, expansion, equipment purchases, working capital or inventory.
Loan Amounts:
  • $5,000,000 max loan amount

Guarantee:

  • SBA can guarantee up to 85% of the loan less than $150,000

  • SBA can guarantee up to 75% of the loan more than $150,000

  • SBA Express can reach a 50% guaranty SBA Export Express can reach a 90% guaranty

  • SBA Export Working Capital loan program and International Trade loans can reach 90% guaranty, up to a guaranteed amount of $4.5 million.
Loan Terms:
  • Up to 25 years for real estate

  • Up to 10 years for equipment, working capital and inventory.
Examples of qualified businesses
  • Food Services

  • Auto Repair

  • Car Maintenance

  • Hospitality Self-

  • Storage Facilities

  • Assisted

  • Living

  • Facilities
SBA 7A LOAN
SBA 7A LOAN
SBA 7A LOAN Retail