SBA 7(a) Loan Program
Access up to $5 million in extra capital with a SBA 7(a) loan for your small business
The SBA 7(a) Loan Program is ideal for businesses with less established credit histories looking to borrow up to $5,000,000. Use additional funds from your 7(a) loan to improve cash flow, acquire equipment, purchase real estate and access working capital.
Amounts
SBA 7(a) Loan Program allows up to $5 million
SBA 7(a) lender terms
Up to 10 years for working capital
Up to 15 years for equipment
Up to 25 years for real estate
Uses
Purchase of machinery, equipment, fixtures, or leasehold improvements
Receivables financing and working capital augmentation
Construction, expansion, and renovation of buildings or purchase of land
Rates
For SBA’s 7(a) General Loan Program, the maximum interest is:
Prime plus 2-1/4% for maturities under 7 years*
Prime plus 2-3/4% for maturities of 7 years or longer*
*SBA publishes updated 7(a) loan rates monthly.
SBA Guaranty Fees
2.00% up to $150,000
3.00% from $150,001 - $700,000
3.50% from $700,001 - $1,000,000
3.75% for SBA guaranteed amounts > $1,000,000
*Others fees may apply given the specific details of the transactions, use of funds, loan structure, collateral, etc.