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SBA 7(a) LOAN

Access up to $5 million in capital with extended SBA 7(a) loan terms

The SBA 7(a) loan is ideal for businesses with less established credit that want to improve cash flow, refinance debt, fund improvements, or purchase equipment or real estate. Like other SBA loans, it features longer terms and lower down payment requirements than conventional loans.

Details
  • Fixed or variable rate term loan
  • Borrow up to $5MM
  • 10% down payment (15% for startups)
  • Up to 90% financing
SBA 7(a) Loan Terms
  • Up to 10 years for working capital
  • Up to 15 years for equipment
  • Up to 25 years for real estate
Maximum Interest Rates
  • Prime plus 2.25% for maturities under 7 years
  • Prime plus 2.75% 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 to $700,000
  • 3.50% from $700,001 to $1,000,000
  • 3.75% for SBA guaranteed amounts >$1,000,000

Speak to a business banking professional about whether an SBA Express loan is right for your business.

Other SBA Loan Types

SBA Express Loan

  • For starting, expanding, improving, refinancing, or acquiring a business
  • Term loan or line of credit for up to $350,000
  • Easier application process and accelerated approval

SBA 504 Loan

  • For major business expansion projects
  • Fixed or variable rate term loan for up to $12MM
  • Up to 90% financing

Speak to a business banking professional about whether an SBA Express loan is right for your business.

Related Features

 

 

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Business Banking Representative

1-800-4BUSINESS

(1-800-428-7463)



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* Other fees may apply given the specific details of the transaction(s), use of funds, loan structure, collateral, etc.