SBA 7A
SBA 7(A) Loans
The SBA 7(a) loan is the most common SBA loan product, offering flexibility on terms and business uses.
SBA loans allow businesses to obtain capital with less equity than a conventional loan. With our dedication to efficiency, collaboration and deep knowledge of small business lending, we’ll take you where you need to go.
Advantages:
✓ Up to 90% bank financing
✓ Minimal collateral requirements
✓ Fully amortized/no balloons
✓ No pre-payment penalties for loan terms under 15 years
Loan Purpose:
Business/practice purchase
Partner/manager buyout
Expansion through acquisition
Real estate purchase including ground-up construction and tenant improvements
Refinance existing business debt
Purchase equipment
Who’s a good fit?
✓ Profitable existing business
✓ Acceptable debt service coverage
✓ Good personal credit score (650 minimum)
✓ For-profit business
✓ Located in the United States
Loan terms for SBA 7(a) loans are the following:
Business acquisition
10-year maximum
Machinery and equipment
15-year maximum
Real estate
25-year maximum
