Approved Amount

• Minimum Loan Amount: $50,000
  Perfect for businesses needing smaller amounts for purposes like working capital, equipment, or short-term financing.

• Maximum Loan Amount: $5 million
  Ideal for businesses requiring larger sums for expansion, property purchases, or acquisitions.

SBA 7(a) Loan

Unlock up to $5 million in funding with the SBA 7(a) loan, part of a $25 billion annual program designed to support businesses like yours. Whether you're looking to purchase property, acquire another business, expand your operations, or invest in new equipment, this loan offers the flexibility you need. With low-interest rates, long repayment terms, and no prepayment penalties, the SBA 7(a) loan is the smart, cost-effective choice for your business. Use the funds for everything from working capital to business expansion and purchasing supplies or equipment. The possibilities are endless with SBA 7(a) — giving you the freedom to grow without the financial stress.

SBA 7(a) Term

• 5 to 10 years for working capital, inventory, and equipment loans.

• 10 to 25 years for real estate or large expansion projects.

• Potential grace periods and seasonal repayment options available for businesses with fluctuating cash flow.

Interest Rates

• Typically Range: 7% to 9% (can vary based on loan size, term, and borrower profile).

• Variable Rates: Interest rates are often tied to the prime rate, with an added margin.

• Capped by SBA: The SBA imposes limits on the maximum interest rates, ensuring they are competitive and fair.

• Fixed Monthly Payments: The loan is repaid in consistent, fixed payments over the term of the loan.

• Loan Terms:

  • 5 to 10 years for working capital or equipment loans.

  • 10 to 25 years for real estate loans or large business expansions.

• No Prepayment Penalties: You can pay off your loan early without incurring any extra fees.

• Grace Periods: Some loans may offer a grace period before regular payments start.

Repayment

Eligibility

• Working Capital: Cover everyday expenses like payroll, rent, and utilities.

• Business Expansion: Open new locations or expand existing operations.

• Equipment Purchase: Buy or lease machinery, vehicles, or technology.

• Real Estate: Purchase, refinance, or renovate business property.

• Debt Refinancing: Consolidate or refinance high-interest debt.

• Inventory or Supplies: Stock up on inventory or essential business supplies.

• Acquiring a Business: Acquire another company to grow your operations.

How SBA 7(a) Can be used for

• For-profit business based in the U.S. (various sectors eligible).

• Must meet SBA size standards (usually fewer than 500 employees).

• 2+ years in business (startups may qualify with a solid business plan).

• 650+ credit score and demonstrate the ability to repay the loan.

• Collateral may be required for loans over $25,000.

• Must have a clean financial history (no recent bankruptcies or defaults).