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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.
Find SBA 7(a) Lenders →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+
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.
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