Learn More About 7A
SBA 7(a) Loan Program
The SBA 7(a) loan program provides a flexible solution for growing businesses to fuel their growth. With a wide range of loan proceeds and loans up to $5 million, the SBA 7(a) loan program might be an excellent option for your business.
What can you use a 7a loan for?
- Purchase inventory
- Buy a warehouse or office building for your business
- Become a business owner & buy an existing business
- Buy out a partner
- Inventory purchases
- Business debt refinancing
- General working capital
- Business expansion
Basic Loan Terms & Benefits
Terms from 10 - 25 years
- Longer terms than conventional bank loans are favorable for business owners.
Flexible use of proceeds
- Growing businesses need access to capital. A wide variety on how you use the loan proceeds gives you great flexibility as you expand your business.
No prepayment penalties
- No prepayment penalties or covenants that come with traditional bank loans makes 7(a) 10-year loans more favorable for business owners.
