The SBA 7a is a “bread and butter” loan for Trust Financing Solutions. We work with a variety of businesses and providers to get these done. This is a great loan for many uses and business needs.
The SBA 7a loan can be used for:
- Acquiring, refinancing, or improving real estate and buildings
- Short- and long-term working capital
- Refinancing current business debt
- Purchasing and installation of machinery and equipment, including AI-related expenses
- Purchasing furniture, fixtures, and supplies
- Changes of ownership (complete or partial)
- Multiple purpose loans, including any of the above
To be eligible for 7(a) loan assistance, businesses must:
- Be an operating business
- Operate for profit
- Be located in the U.S.
- Be small under SBA Size Requirements
- Not be a type of ineligible business
- Be creditworthy and demonstrate a reasonable ability to repay the loan
The maximum loan size for an SBA 7a is $5.0 million. But we can go higher with the providers we engage, reaching up to $7.5 million.
SBA 7a loan repayment terms vary according to several factors.
- Most 7(a) term loans are repaid with monthly payments of principal and interest from the cash flow of the business
- Payments stay the same for fixed-rate loans because the interest rate is constant
- For variable rate loans, the lender may require a different payment amount when the interest rate changes
Let us deliver your SBA 7a loan. We love working on these financings!
Contact Us at [email protected] to get started. Send an email with your contact information and tell us what you have in mind. We’ll get to work together to make it happen.