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SBA 7(a) Loans

The most flexible SBA loan — up to $5M for nearly any business purpose

SBA 7(a) loans are the most common SBA loan program, offering up to $5 million for working capital, equipment, real estate, business acquisition, and refinancing. Backed by the U.S. Small Business Administration, they offer competitive rates and longer terms than conventional business loans.

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Loan Range
$25K – $5M
Typical Rate
Prime + 1.5% to 3.75%
Down Payment
10-20%
Term
10-25 years
Closing Time
30-90 days

🎯 Best For

  • Small business owners
  • Business acquisitions
  • Working capital needs
  • Commercial real estate purchase

✅ Advantages

  • Low down payment (as low as 10%)
  • Competitive interest rates
  • Long repayment terms
  • Can be used for many purposes

⚠️ Considerations

  • Lengthy application process
  • Extensive documentation required
  • Personal guarantee required
  • Collateral often needed

SBA 7(a) Loan Requirements

  • For-profit business operating in the US
  • Owner has invested equity
  • Exhausted other financing options
  • No delinquent government debt
  • Credit score: 680+

Top SBA 7(a) Lenders

778 lenders offer sba 7(a) loans nationwide.

Live Oak Banking Company

SBA Verified

WILMINGTON, NC

One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.

Nationwide
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The Huntington National Bank

SBA Verified

COLUMBUS, OH

Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.

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Newtek Bank, National Association

SBA Verified

Miami, FL

Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.

Nationwide
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U.S. Bank, National Association

SBA Verified

Cincinnati, OH

Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.

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Celtic Bank Corporation

SBA Verified

SALT LAKE CITY, UT

Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.

Nationwide
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Harvest Small Business Finance, LLC

SBA Verified

Laguna Hills, CA

Non-bank SBA preferred lender specializing in SBA 7(a) loans for commercial real estate acquisition and refinancing. Focuses on owner-occupied commercial properties with loans up to $5 million.

$500K – $5M
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US Metro Bank

SBA Verified

GARDEN GROVE, CA

Community bank serving Southern California's diverse business community. A top SBA 7(a) lender specializing in commercial real estate and business acquisition loans, with particular strength in the Korean-American business community.

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Readycap Lending, LLC

SBA Verified

BERKELEY HEIGHTS, NJ

Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.

Nationwide
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SBA 7(a) Loans FAQ

How long does an SBA 7(a) loan take to close?
Typically 30-90 days from application to funding. SBA Preferred Lenders can approve loans in-house, which speeds things up significantly.
Can I use an SBA 7(a) for real estate?
Yes. SBA 7(a) loans can finance commercial real estate purchase, construction, or renovation. Terms up to 25 years for real estate.
What's the difference between SBA 7(a) and 504?
7(a) is more flexible — it can be used for working capital, equipment, and real estate. 504 is specifically for major fixed assets like real estate and large equipment, and typically offers lower rates on the CDC portion.

Are you a lender offering sba 7(a) loans?

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