SBA 7(a) Loans

If you’re a small business owner looking to secure capital, but do not qualify for traditional financing, the SBA 7(a) program, may be right for you. Advantage loans can be used for a wide variety of your financing needs, including working capital, equipment purchases, real estate acquisition and improvements, business acquisitions, and debt refinance. With low variable rates, extended repayment terms, and flexible requirements, this program offers small business owners the perfect opportunity to grow and expand their businesses.

 

Program Highlights


 

Program Details


Use of Funds:

  • Secure working capital

  • Purchase equipment

  • Acquisition and/or improvement of owner occupied real estate

  • Refinance of qualified debt

 Interest Rates

  • Competitive, variable interest rates determined on a case by case basis
  • For more on our current interest rates, contact a loan officer

Advantage Loan Amounts

  • $50,000 to $5,000,000

Repayment Terms

  • 5-10 years for machinery and equipment dependent on useful life
  • Up to 10 years for working capital
  • Terms for debt refinance determined on a case by case basis

 Size Standards

  • Less than $5,000,000 of net income averaged over past 2 years
  • Combined net worth of less than $15 million for all applicants and affiliates

 Ready to Apply?


 

 Source: US Small Business Administration

 

 

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