7(a) Loan Program

You have a growing business or an idea for the perfect business. Now you need the financial backing to make it happen. The 7(a) Loan Program may be the right small business loan for you.

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Features & Benefits

Eligible Businesses and Property Types:

Almost any type of for-profit business is eligible. Commercial real estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties:

  • Office Buildings
  • Warehouses
  • Industrial Buildings
  • Manufacturing
  • Child Care Facilities
  • Car Wash Facilities
  • Automotive Repair Shops
  • Professional Buildings
  • Hotels
  • Gas Stations
  • Franchises
  • Start-Ups

Use of Proceeds:

  • Real estate acquisition, construction, or refinance - up to 85% financing available
  • Business Acquisition - up to 80% financing available
  • Equipment Acquisition - up to 100% financing available
  • Debt Refinance - up to 100% financing available
Requirements & Fees

Terms

  • Up to 25 years for real-estate financing
  • Up to 10 years for equipment or business acquisition financing
  • Up to 10 years for permanent working capital
  • All loans are fully amortized

Interest Rates and Fees

  • Interest rates are always market competitive. Fees are generally limited to the SBA guaranty fee and customary closing costs.

Loan Amounts

  • Loan amounts up to $5,000,000

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