The SBA 7(a) loan is the most widely used Small Business Administration financing because of the numerous types of loans available both for personal property and real property purchase as well as refinance options. A SBA 7a loan is typically a Term Loan with the following attributes available to the company borrowing the funds, expansion or renovation; new construction, purchase land or buildings; purchase equipment, fixtures, lease-hold improvements; working capital; refinance debt for compelling reasons; seasonal line of credit, inventory. |
Apply today for a SBA 7a loan to PURCHASE OR START A NEW BUSINESS, OR EXPAND THE COMPANY YOU OWN! If your company is approved for a SBA 7(a) loan, the loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business. |
SBA 7(A) Loan Requirements | SBA 7(A) Loan |
| Application Fees | No |
| Personal Guarantee | Yes: All owners of twenty percent (20%) or more of the business are required to personally guarantee the SBA loan.
Minority Owners: Possibly |
| Collateral | SBA does not deny approval for a SBA guaranty loan solely due to lack of collateral; however, it can be used as a reason, in addition to other credit factors. |
| Age of Business | New Business Okay |
| Funding Amounts | Commercial Real Estate: Maximum Loan $2,000,000
Equipment & Working Capital: |
| Time to Funding | 24-hour conditional APPROVAL and close within 30 DAYS! |
| Credit Score Required | 600+ |
| Interest Rates | Commercial Real Estate: Interest Rate Variable Rate/ Prime + (up to 2.75%)
Loans less than 7 years: max. prime + 2.25%; 7 yrs. or more: prime +2.75%; under $50,000, rates can be higher by 2% for loans of $25,000 or less; and 1% for loans between $25,000 and $50,000. |
| Percent of Guaranty | 85% guaranty for loans of $150,000 or less; 75% guaranty for loans greater than $150,000 (up to $3.75 million maximum guaranty) |
| Use of Proceeds | - The purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities
- The purchase of equipment, machinery, furniture, fixtures, supplies, or materials
- Long-term working capital, including the payment of accounts payable and/or the purchase of inventory
- Short-term working capital needs, including seasonal financing, contract performance, construction financing and export production
- To purchase an existing business
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| Maturity | Depends on ability to repay. Generally, working capital & machinery & equipment (not to exceed life of equipment) is 5-10 years; real estate is 25 years. |
| Guaranty Fees | (Fee charged on guaranteed portion of loan only)
Maturity: 1 year or less 0.25% guaranty fee; over 1 year: $150,000 gross amount or less = 2%; 150,001—$700,000 = 3.0%; over $700,000 = 3.5%; 3.75% on guaranty portion over $1 million. Ongoing fee of 0.55%. |
| Who Qualifies | Must be a for profit business & meet SBA size standards; show good character, credit, management, and ability to repay. Must be an eligible type of business. |
| Benefits to Borrowers | - Long-term financing
- Improved cash flow; Fixed maturity
- No balloons; No prepayment penalty (under 15 years)
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If your company needs commercial financing, for either a refinance or purchase, we may be able to help you. In addition to SBA 7A real estate loans our services also include SBA 504 loans for real estate and Commercial Loans.
Just because you have been turned down by another bank should not stop you from speaking to us....
Receive a SBA 7a Loan Small Business Loan Today!
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24-hour conditional APPROVAL! - NO APPLICATION FEES!
- Online Application
- 90% Approval Rate
- NO Cancellation Fees
- NO Long-Term Contract
Call us for help in completing the forms:
(866) 777-2341 SBA 7(A) Application Forms SBA 7(A) Submission Checklist
| Program Features |  | Our staff is comprised of Small Business Loan experts. | | No hidden fees. | | Very little documentation required. | | We have many positive solutions. | | You must act quickly | 
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